Nairobi — Bus body-building firm Labh Singh Harnam Singh Limited has been placed under administration, stripping its directors of control over the company’s assets.
According to a notice, PVR Rao and Swaroop Rao Ponangipalli have been appointed joint administrators, effective February 4, 2025.
The notice comes as the firm grapples with a Sh1 billion loan KCB debt.
“The joint administrators will act as agents of the company without personal liability,” the notice stated.
Following their…
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