The Jamaica Urban Transit Company (JUTC) has sought to explain the series of events relating to the granting of a petition to wind up its operations if it fails to pay off a $3.5 million debt to a St Catherine woman by the end of June.
The petition was filed by Daniella Manning arising from a suit she had filed against the JUTC last year.
But last week, the womans attorney went back to court saying the petitioner believes the company is insolvent and unable to pay its debt as the sum owed to her “remains wholly unsatisfied”.
READ: Court grants petition to wind up JUTC if it fails to pay woman $3.5m
The court then outlined a new payment plan to clear the debt through instalments by the end of June.
It ordered that…
Read the full article at: http://jamaica-gleaner.com/article/lead-stories/20170321/jutc-says-its-not-insolvent-commits-paying-35m-debt-woman
