The creditor alleges that I&M Bank’s court actions and insolvency proceedings frustrated efforts to recover a judgment debt through the sale of the 14 Riverside complex.
By
Sam Kiplagat
Court Reporter
Nation Media Group
The long-running dispute over the planned sale of Nairobi’s 14 Riverside complex has taken a fresh turn after Synergy Industrial Credit sued I&M Bank and one of its senior executives, seeking Sh5.77 billion in damages for allegedly frustrating its efforts to recover a court-awarded debt.
The dispute dates back to a 2011 agreement under which Cape Holdings agreed to sell office space in the 14 Riverside development…
The outcome of the petition could extend beyond the high-profile property dispute by reshaping how courts treat judgment debts,…
The Court of Appeal ruled that any loss suffered by Cytonn could be compensated through damages, clearing the way for SBM Bank's…
The High Court rejected claims of excessive interest charges and undervaluation of assets, clearing the way for Equity Bank to…
Ownership wrangles surrounding Nairobi’s Senteu Plaza have taken a fresh twist after a firm moved to court seeking billions in…
The funds are linked to forged documents, suspicious payments from Invest & Grow Sacco and a person who falsely posed as a lawyer.
