Nairobi, Aug. 11 -- The Court of Appeal has rejected an application by a company linked to the late tycoon Francis Mburu seeking to place a caveat on the 60-acre parcel of land on Ngong Road, Nairobi, where the newly built Talanta Sports Stadium stands.

A caveat is a warning or notice advising individuals or organisations to consider potential risks or special circumstances before taking action.

A three-judge bench found that Exclusives Estates Limited had failed to demonstrate that its intended appeal would be rendered useless if the orders sought were not granted.

The company, through its director Mark Mungai Mburu, had sought orders restoring a caveat over the property and stopping Telkom Kenya Ltd from seeking payment of Sh11.4 bil...