NCBA loses bid to strike out Sh94m insolvency case against Buzeki

NCBA premises in Upper Hill, Nairobi. PHOTO | EVANS HABIL | NMG

The High Court has dismissed an attempt by NCBA Bank to strike out an insolvency case against Buzeki Enterprises Ltd by Bhachu Industries on grounds that the Sh94 million debt being sought by a trailer manufacturer was not clear

The lender is seeking over Sh1.3 billion from the firm associated with politician Zedekiah Kiprop Bundotich and wanted the suit filed by Bhachu Industries Ltd struck out, arguing that it would be against the law to try and liquidate the firm over an unclear debt.

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