Amaco liquidation put on hold

milimani

Milimani Law Courts. FILE PHOTO | NMG

A judge has temporarily stopped the liquidation of 22-year-old Africa Merchant Assurance Company (Amaco) over a Sh10.2 million debt, offering a sigh of relief to the firm associated with Deputy President William Ruto.

Justice Margaret Muigai temporarily put on hold the process to wind up of the company on Wednesday to allow the underwriter to appeal the ruling to liquidate it.

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