Absa issued a 90-day statutory notice on May 12, 2025. The notice demanded immediate payment of the entire loan balance of Sh79.9 million.
By
Joseph Wangui
Correspondent
Nation Media Group
The High Court has temporarily blocked Absa Bank Kenya from auctioning a set of commercial properties tied to a Sh80 million loan due in 2039 after the borrower missed a single payment instalment.
Bank auctioned pledged land after borrower defaulted but buyer took 2 years to pay 75% money; borrower cleared the dues, fought and won the case in SC to get his land back - The Economic Times
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