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    Atul Shah

    Standard Chartered Kenya Targets Nakumatt Properties in $14.3 Million Debt Recovery Battle

    Paul MurungiBanking & Financial ServicesBusiness & MarketsThe Big StoryMarch 6, 2026March 6, 2026

    Standard Chartered Bank Kenya has issued a statutory notice to Nakumatt Investments, paving the way for the possible auction of several properties linked to the collapsed supermarket chain over loan…

    Ugandan court orders Kenyan businessman Atul Shah to pay UGX 1.3 billion rent arrears for defunct Nakumatt supermarket

    Paul MurungiEast AfricaLegal & JusticeThe Big StoryFebruary 24, 2025February 25, 2025

    The Commercial Division of the High Court in Uganda has ordered Kenyan businessman Atul Shah to pay Megha Industries Uganda $358,431 (UGX 1.3 billion) and UGX 24.3 million for breach…

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