Justice Grace Nzioka also directed the regulator, Capital Markets Authority, to issue a fresh notice to Cytonn within 30 days as per the law.
Cytonn had challenged a directive by the regulator [barring it] from taking new clients until a new trustee was in place.
The High Court has given property dealer Cytonn Investments a month to recruit a new trustee for its fund mobilising arms, Cytonn Asset Managers Limited and Cytonn Unit Trust.
Justice Grace Nzioka also directed the regulator, Capital Markets Authority (CMA), to issue a fresh notice to Cytonn within 30 days as per the law.
