NCBA suffers setback as High Court declines to halt ruling voiding 2019 merger stamp duty exemption

NCBA Group has suffered a legal setback after the High Court rejected its application to halt a ruling that cancels the 2019 stamp duty exemption granted during its merger with NIC Bank. Justice Chacha Mwita said the bank had not shown that it would face irreparable loss if the judgment is enforced, pending appeal