The High Court rejected claims of excessive interest charges and undervaluation of assets, clearing the way for Equity Bank to pursue debt recovery.
By
Joseph Wangui
Correspondent
Nation Media Group
The High Court in Nairobi has cleared the way for Equity Bank to auction dozens of properties tied to a Sh1.37 billion loan advanced to four companies, including a government contractor, dismissing claims that the debt had been inflated through excessive interest charges.
The Court of Appeal ruled that any loss suffered by Cytonn could be compensated through damages, clearing the way for SBM Bank's…
EADB has lost a 23-year bid to recover Sh1.3 billion after court ruled it failed to justify the loan’s escalation.
Mr Nyanja wants the land's auction annulled and the ownership reverted to him, although the Court of Appeal recently ruled that…
The dispute stems from a Sh104 million debt owed by Bomas of Kenya to SIB following an arbitration award.
The apex court in October 2022 ordered the Kenya Electricity Transmission Company to pay Spanish firm, Instalaciones Inabensa,…
It started with three Mombasa-based tycoons, standing as principal guarantors to a Sh126.75 million loan issued to Kenya Bus…
