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Ksh11Billion awarded to Orbit Chemicals.
propertyzote
#1 Posted : Tuesday, October 16, 2012 8:46:17 AM
Rank: Member

Joined: 8/25/2010
Posts: 283
Location: Nairobi
This will be a good week for Orbit chemicals after being awarded a total of 11 billion. This award will be one of the largest in Kenya’s history. Initially Orbit Chemicals had lodged an Sh18 billion claim arising from the profits it allegedly lost for failure to utilise the 92.2 acres of land in Embakasi. This may only strain the taxman as as certain this amount cannot be paid in lumpsum. As much as this is a good ruling, in comparison to the Syokimau fiasco the courts are still a flaw. You really need to have the patience,guts and money to win this cases. http://www.businessdaily...0/-/keu10az/-/index.html
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mkeiyd
#2 Posted : Tuesday, October 16, 2012 8:58:48 AM
Rank: Veteran

Joined: 3/26/2012
Posts: 1,182
propertyzote wrote:
This will be a good week for Orbit chemicals after being awarded a total of 11 billion. This award will be one of the largest in Kenya’s history. Initially Orbit Chemicals had lodged an Sh18 billion claim arising from the profits it allegedly lost for failure to utilise the 92.2 acres of land in Embakasi. This may only strain the taxman as as certain this amount cannot be paid in lumpsum. As much as this is a good ruling, in comparison to the Syokimau fiasco the courts are still a flaw. You really need to have the patience,guts and money to win this cases. http://www.businessdaily...0/-/keu10az/-/index.html
How so?
FUNKY
#3 Posted : Tuesday, October 16, 2012 9:22:47 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
But the question is will the serikali really pay the money??
youcan'tstopusnow
#4 Posted : Tuesday, October 16, 2012 9:28:20 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
KK got awarded a much smaller sum by an arbitrator but the courts said it was 'too large'
GOD BLESS YOUR LIFE
propertyzote
#5 Posted : Tuesday, October 16, 2012 10:00:33 AM
Rank: Member

Joined: 8/25/2010
Posts: 283
Location: Nairobi
mkeiyd wrote:
propertyzote wrote:
This will be a good week for Orbit chemicals after being awarded a total of 11 billion. This award will be one of the largest in Kenya’s history. Initially Orbit Chemicals had lodged an Sh18 billion claim arising from the profits it allegedly lost for failure to utilise the 92.2 acres of land in Embakasi. This may only strain the taxman as as certain this amount cannot be paid in lumpsum. As much as this is a good ruling, in comparison to the Syokimau fiasco the courts are still a flaw. You really need to have the patience,guts and money to win this cases. http://www.businessdaily...0/-/keu10az/-/index.html
How so?
Back in november 2011, Syokimau residents got a reprieve when High Court Judge Martha Koome issued orders stopping the demolitions. This was only short-lived as the houses came down eventually. KAA had gone earlier to court for orders to evict the groups that were encroaching on its land. The court should have at this point issues a stern caveat on the property. Its the struggling mwaninchi of whom you and I know, though they paid for their mistakes.
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mawinder
#6 Posted : Tuesday, October 16, 2012 10:36:54 AM
Rank: Elder

Joined: 4/30/2008
Posts: 6,029
Propertyzote you MAY be right but you should know that some of these cases are lost on the incompetence of the advocates and technicalties.
githundi
#7 Posted : Tuesday, October 16, 2012 10:54:33 AM
Rank: Veteran

Joined: 11/19/2010
Posts: 1,308
Location: nairobi metropolitan
Am disgusted by the ruling. It is taxpayers money that is being used. I think the judiciary as a representative of the will and interests of the kenyan people from whom they derive their authority should be consider this money is paid by wanjiku. The people to be penalized are the incompetent civil servants including the president if responsible. The era of high awards from public purse should be over.
Democracy does not belong to the dead
mwekez@ji
#8 Posted : Tuesday, October 16, 2012 11:02:03 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
youcan'tstopusnow wrote:
KK got awarded a much smaller sum by an arbitrator but the courts said it was 'too large'
A luta continua, vitória é certa
IDP
#9 Posted : Tuesday, October 16, 2012 11:04:34 AM
Rank: Member

Joined: 8/26/2009
Posts: 76
And who is this who defaulted a loan from NBK? I am sure its some of these "reformers" we have today. Was the land acquired legally in the first place? Why the caveat?
bird_man
#10 Posted : Tuesday, October 16, 2012 11:15:47 AM
Rank: Veteran

Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
I think the court made a just ruling given the facts I have read in the Business Daily. Lakini for sure those PSs,Ministers & Lands officials should all be jailed, their property sold off na wachapwe viboko every single day!This is just toooo much!Taxpayers are already overburdened!
Formally employed people often live their employers' dream & forget about their own.
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