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Insurance firm loses bid to stop property sale over Sh50m claim

Lawyer Kipkoech Ng'etich with his client Hassan Ibrahim on July 11, 2023. [Kipsang Joseph, Standard]

An insurance company embroiled in a legal battle with two businessmen has lost the bid to stop auctioneers from attaching and disposing of its property over a Sh50 million claim.

In a judgment delivered last week, Justice Hillary Chemitei said Monarch Insurance Company Ltd failed to demonstrate it stands to suffer any loss should the two Nakuru businessmen, Hassan Ibrahim and Abdirahman Nurrow get paid.

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