Business Daily | by Otiato Guguyu
Mayfair Bank has been ordered to pay Sh143 million insurance bond for delays in completing Duplex Apartments Riverside Gardens, Riverside Drive Nairobi.
Globe Developers had taken out a performance bond where the lender would pay the money if the contractor failed to finish the construction on time.
High Court Judge David Majanja ruled that Mayfair could not avoid paying the claim since it had not demonstrated that the terms of the contract had been breached…
