Kenya: Monarch Insurance Ordered to Pay Two Joint Creditors Sh2.4mn Claim

29 April 2024
Capital FM (Nairobi)
By Wangechi Purity

Nairobi — Monarch Insurance Company Limited has been ordered to pay Sh2.5 million as claim payments to its joint creditors.

The insurer was also required to make the payment within 21 days to both Millicent Anyango Ojwang and Malachi Odera Minganyi, listed as joint creditors.

"Take Notice that within 21 days after service of this notice on the company. excluding the day of such service, the company must pay Millicent Anyango Ojwang and Malachi Odera Minganyi (joint creditors)] the sum of Sh 2,487,605 claimed by the creditors," read the notice.

The creditors were also advised to file a liquidation order against the company if it fails to pay the stated amount within the agreed-upon period.

Read the original article on Capital FM.

Tagged:
Copyright © 2024 Capital FM. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.