Insurance firm AIG to pay Sh48m for shipment of nuts rejected in US standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.
Kenya Today | Bank of Baroda was founded by the Maharaja of Baroda, Maharaja Sayajirao Gaekwad III on 20 July 1908. The bank currently has 107 branches in 24 countries
THE STANDARD By
Frankline Sunday |
February 24th 2021 at 10:03:46 GMT +0300
The main entrance to collapsed supermarket chain Nakumatt s ex-head office off Mombasa Road in Nairobi
One of the banks seeking to auction a Sh2 billion property belonging to collapsed retailer Nakumatt over unpaid loans, has been cited for flouting the law.
The High Court has ruled that Bank of Africa failed to comply with the law by not serving other creditors with appropriate notice before initiating the process of the sale of Nakumatt’s former head office in Nairobi’s Industrial Area.
In a ruling delivered last week, High Court Judge Alfred Mabeya said the lender can, however, still proceed with the sale after serving the other lenders involved in the case with a notice of sale.