The Commercial and Tax Division Court has authorised the liquidation of assets belonging to aircraft charter and maintenance firm DAC Aviation International (DAC) by KCB Group over failure to repay Sh1 billion debt.
Justice David Majanja last week struck out a suit filed by DAC’s guarantor Emmanuel Anassi seeking an injunction to restrain KCB from interfering with the embattled firm’s operations or taking over the suit property.
