Court bars Telkom Kenya from selling assets.
The industrial court has temporarily stopped Telkom Kenya Limited from selling 37 of its listed prime properties to ensure settlement of an eight year old award of sh3.2billion to almost 1000 retrenched workers.
The judge directed the former employees to serve Telkom the orders through their lawyer Anthony Oluoch as well as the AG Githu Muigai before the company appears in court on May 15 for confirmation of compliance and further directions and should respond after seven days.
“Pending the inter parties hearing of this case, I hereby issue temporary injuction restraining Telkom Kenya and the Attorney General, from entering into a sale of Telkom Kenya to a third party or selling any of its listed properties among others until it settles the claimants’ dues,” said Justice Marete.
The former employees claim that Telkom has begun to dispose its prime properties in a bid to clear its financial crisis and avoid falling into bankruptcy they argue the move would greatly destabilize their payment agreement as earlier decreed by the court of Appeal.