A company associated with former Rangwe MP Philip Okundi has failed to reverse the auction of his house in the Lavington area after the High Court ruled that he was to blame for failing to deposit Sh7 million on time, as had been directed.
High Court judge Alfred Mabeya ruled that the only remedy available for Mr Okundi through Asego Holdings Limited, was to sue Mayfair Bank for damages as the court cannot reverse an auction that has already taken place.
