Invesco Insurance Company has been sued for refusing to pay 9 million to ten claimants despite a court order. They added that it was clear that the company is either unable to pay its debt to them or is not willing to do so. "It is in the circumstances fair and just that the company be would up to facilitate inter-alia liquidation of its assets to pay the petitioners debt. They says despite several demands , including insolvency the statutory notice dated April 2, 2019 and received on April 9,2019 refused or neglected to pay the decretal sum. Customers says the creditor does not hold any security in respect of the debt claimed by the demand that would be sufficient to satisfy the full debt or at all.

Source: The Star June 18, 2019 03:00 UTC