Two former customers of the collapsed Chase Bank Limited have lost a bid to be paid millions of their deposits, after a judge ruled that the duo wanted to be accorded preferential treatment.
Justice Josephine Mong’are dismissed the petition by Rashik Kumar Punja Shah and Mittun Shah, saying they should follow the procedure set out in the Kenya Deposit Insurance Act and a notice placed by the Kenya Deposit Insurance Corporation (KDIC) on May 10, 2021, for applying for the payments.
