The Court of Appeal has dismissed Monarch Insurance's bid to stop a Sh50 million compensation claim by two Nakuru businessmen.
Monarch Insurance Company Limited has been entangled in a legal battle for over a decade with Hassan Ibrahim and Abdirahman Issak following a claim for compensation after their fuel tankers were destroyed in a fire in Juba, South Sudan.
The businessmen were awarded compensation by a tribunal appointed by the High Court, but the insurer failed to honour the award.
Monarch appealed a High Court decision that upheld the arbitration award in favour of the businessmen.
