The High Court has struck out a fresh application by Standard Investment Bank (SIB) seeking to attach additional bank accounts belonging to Bomas of Kenya in a bid to recover a Sh104 million debt.
In its ruling, the court held that allowing the new application would create parallel recovery proceedings, leading to confusion and possible oppression of Bomas of Kenya and third parties involved.
The judge noted that the mere claim that the State corporation had opened new bank accounts did not justify the filing of separate execution proceedings.
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