The dispute dates back to a 2011 agreement under which Cape Holdings agreed to sell office space in the 14 Riverside development to Synergy for Sh703.2 million.

The dispute dates back to a 2011 agreement under which Cape Holdings agreed to sell office space in the 14 Riverside development to Synergy for Sh703.2 million.

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.