@BusinessDaily

Ngengi Muigai loses bid to fast track appeal

7 months ago, 23 Maý 17:12

By: Galgallo Fayo

A firm owned by President Uhuru Kenyatta’s cousin has lost its bid to fast track an appeal seeking to reopen a case in which it lost contest for a Sh3 billion coffee estate in December.

Benjoh Amalgamated and Muiri Coffee Estate owned by businessman Ngengi Muigai had returned to the Court of Appeal arguing that it has a new information that can change the course of the dispute on grounds that a lawyer who purportedly signed consent  to sell the Sh3 billion coffee estate had denied acting for the borrowers.

But it suffered a setback, after court of appeal judge K Minoti rejected the request to certify the case as urgent noting that he was not convinced that the suit has raised any issues that could give it priority over other matters that include election petition appeals which have set timelines.

“Accordingly, I am still not persuaded, as I was not on February 20, 2018, that there are any compelling grounds upon which I can certify this application urgent. Accordingly, I once again decline,” ordered Justice Minoti in a ruling dated May 11.

Mr Muigai is seeking to reverse the court of appeal judgment that paved the way for Bidii Kenya , the company that bought the land from a bank for Sh70 million, to occupy the property.


Read More


Category: business news lifestyle economy markets opinion corporate

Suggested

1 day ago, 12:27
@CapitalFMNews - By: Agence France Pres ...
Conservatives’ Brexit faultlines run deep in divided UK

Hastings, United Kingdom, Dec 15 - The conflict over Europe that has been tearing the Conservatives apart for three decades is as evident on the streets Kenya breaking news | Kenya news today | ...

Category: business
1 day ago, 09:49
@TheEastAfrican - By: Emmanuel Onyango
Tanzania taxman targets petty traders to raise revenue

TRA to collect $34.7 million in levies under new sysytem. ...

Category: topnews news business
1 day ago, 10:44
@BusinessDaily - By: Geoffrey Irungu
Bankers mull green bonds cash options

Current interest rate cap model is, however, seen as a major hindrance ...

Category: business news markets
1 day ago, 07:51
@BusinessDaily - By: Patrick Alushula
Marginalised counties demand Sh28.3bn from Treasury

Kenya’s poorest counties have teamed up to demand the release of Sh28.3 billion that the National Treasury has withheld over the years ...

Category: business corporate news
1 day ago, 07:43
@BusinessDaily - By: Patrick Alushula
Lobby reads mischief in accountants transfers

ICPAK accuses govt of witch-hunt saying procurement and accounting officers have been denied access to their previous duties ...

Category: business news
1 days ago, 22:19
@DailyNation - By: Peter Changtoek
Summer flowers for small farmer

Thomas Sang grows flowers that he sells to a firm that exports them earning a tidy sum ...

Category: business news

@BusinessDaily

Ngengi Muigai loses bid to fast track appeal

7 months ago, 23 Maý 17:12

By: Galgallo Fayo

A firm owned by President Uhuru Kenyatta’s cousin has lost its bid to fast track an appeal seeking to reopen a case in which it lost contest for a Sh3 billion coffee estate in December.

Benjoh Amalgamated and Muiri Coffee Estate owned by businessman Ngengi Muigai had returned to the Court of Appeal arguing that it has a new information that can change the course of the dispute on grounds that a lawyer who purportedly signed consent  to sell the Sh3 billion coffee estate had denied acting for the borrowers.

But it suffered a setback, after court of appeal judge K Minoti rejected the request to certify the case as urgent noting that he was not convinced that the suit has raised any issues that could give it priority over other matters that include election petition appeals which have set timelines.

“Accordingly, I am still not persuaded, as I was not on February 20, 2018, that there are any compelling grounds upon which I can certify this application urgent. Accordingly, I once again decline,” ordered Justice Minoti in a ruling dated May 11.

Mr Muigai is seeking to reverse the court of appeal judgment that paved the way for Bidii Kenya , the company that bought the land from a bank for Sh70 million, to occupy the property.


Read More

Category: business news lifestyle economy markets opinion corporate

Suggested

1 day ago, 12:27
@CapitalFMNews - By: Agence France Pres ...
Conservatives’ Brexit faultlines run deep in divided UK

Hastings, United Kingdom, Dec 15 - The conflict over Europe that has been tearing the Conservatives apart for three decades is as evident on the streets Kenya breaking news | Kenya news today | ...

Category: business
1 day ago, 09:49
@TheEastAfrican - By: Emmanuel Onyango
Tanzania taxman targets petty traders to raise revenue

TRA to collect $34.7 million in levies under new sysytem. ...

Category: topnews news business
1 day ago, 10:44
@BusinessDaily - By: Geoffrey Irungu
Bankers mull green bonds cash options

Current interest rate cap model is, however, seen as a major hindrance ...

Category: business news markets
1 day ago, 07:51
@BusinessDaily - By: Patrick Alushula
Marginalised counties demand Sh28.3bn from Treasury

Kenya’s poorest counties have teamed up to demand the release of Sh28.3 billion that the National Treasury has withheld over the years ...

Category: business corporate news
1 day ago, 07:43
@BusinessDaily - By: Patrick Alushula
Lobby reads mischief in accountants transfers

ICPAK accuses govt of witch-hunt saying procurement and accounting officers have been denied access to their previous duties ...

Category: business news
1 days ago, 22:19
@DailyNation - By: Peter Changtoek
Summer flowers for small farmer

Thomas Sang grows flowers that he sells to a firm that exports them earning a tidy sum ...

Category: business news
Our App