Business
Pioneer Bus, furniture supplier to reconcile
Publish Date: Feb 26, 2014
Pioneer Bus, furniture supplier to reconcile
  • mail
  • img
newvision

By Andante Okanya

Pioneer Easy Bus Company and Furniture supplier Dezy Enterprises, have opted to hold reconciliation talks in the settlement of the sh50m debt the former owes the latter.


A statement on the progress of the talks was made last week on Thursday at Commercial Court in Kampala in court presided by Justice Christopher Madrama.

Dezy lawyer Fredrick Mbaziira, stated that Pioneer had made a progressive step in the settlement of the sh50m debt. He said the furniture supplier had received three cheques totaling sh32m.

“I am happy to report that the company (Pioneer) lawyer Kenneth Nsubuga, has conveyed to us three cheques, a total of sh32m,” Mbaziira stated.

The case arose last year on April 10 when the Dezy sued, demanding payment of sh50m for office furniture supplied to the bus company.

Court documents show that the items supplied included a reception table, reception chair, 12 drawers, an executive table, executive visitor chairs, and a bookshelf.

Pioneer did not deny indebtedness, and subsequently last year on May 23, court ordered it to pay the sh50m.

Also yesterday, Mbaziira said Nsubuga who was absent, had requested him to implore court to grant the parties additional time to finalise their consent agreement. A lawyer Nancy Katwesigye appeared on watching brief for Nsubuga.

Accordingly, the case was adjourned to March 13. The judge applauded the parties for their efforts, and asked them to file the consent agreement before the next scheduled court appearance date.

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
Nigerian cleric warns Uganda over oil curse
Rev Father Edward Obi, a leading civil society activists fighting against the effects of the oil curse in Nigeria has warned Uganda that since oil has been discovered Ugandans are not safe from the negative effects the resource brings....
Oil to spur capital markets – Nsamba
This year marks 18 years since the Capital Markets Authority (CMA) was formed....
UBOS releases Producer Price Index
THE indices for hotels and restaurants indicate that annual prices for hotel services fell by 2.5 percent during the period of April, May and June 2014, compared to the same period in 2013...
KCCA shuts down House of Eden
KAMPALA Capital City Authority (KCCA) together with Uganda National Bureau of Standards have closed House of Eden that manufactures Safi juice and Azur water for allegedly using expired raw materials...
Uganda to host finance meeting for PWDs
Uganda will next month host the first ever conference on microfinance and disability....
More action needed to address women rights in oil region
More action is required to see that disadvantaged women especially those in the Albertine Graben get benefits from oil activities as the industry moves from the exploration into the development phase....
Should the absence of bride price prevent couples from wedding?
Yes
No
Can't Say
follow us
subscribe to our news letter