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Keroche Breweries Sues for $66m Over ‘False’ Insolvency Claim
['Antony Achayo', 'Author Posts']
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Keroche Breweries, the country’s largest indigenous beer maker, has gone to court seeking billions in damages after what it calls a “false and malicious” insolvency petition.
“The advertisement has falsely signalled insolvency, sparking panic among stakeholders and causing irreparable reputational and commercial harm,” the brewery argues in its filings.
At the heart of the dispute is a petition lodged in May by Sam Kruss Shollel, a former Keroche staff member.
The company portrays the matter as an abuse of insolvency law, saying it has been used as a weapon in a private dispute.
“If left unchecked, it risks job losses, reduced government revenue, and unnecessary instability in the market,” the company states.
['insolvency'
'brewery'
'company'
'sues'
'panic'
'reputational'
'petition'
'market'
'keroche'
'claim'
'66m'
'breweries'
'case'
'court'
'false'
'switch']