The Court of Appeal ruled that any loss suffered by Cytonn could be compensated through damages, clearing the way for SBM Bank's debt recovery efforts.
By
Sam Kiplagat
Court Reporter
Nation Media Group
Cytonn Integrated Project LLP has failed in its bid to stop SBM Bank (K) Ltd from auctioning part of its property in Ruaka, Kiambu County, to recover a debt exceeding Sh1 billion.
The dispute dates back to a 2011 agreement under which Cape Holdings agreed to sell office space in the 14 Riverside development…
The High Court rejected claims of excessive interest charges and undervaluation of assets, clearing the way for Equity Bank to…
Mr Nyanja wants the land's auction annulled and the ownership reverted to him, although the Court of Appeal recently ruled that…
The creditor alleges that I&M Bank’s court actions and insolvency proceedings frustrated efforts to recover a judgment debt…
The outcome of the petition could extend beyond the high-profile property dispute by reshaping how courts treat judgment debts,…
The dispute stems from a Sh104 million debt owed by Bomas of Kenya to SIB following an arbitration award.
