KCB gets nod to auction City Hall in Sh4.3bn row

city hall nairobi county


Business Daily | by Sam Kiplagat


The High Court has cleared KCB Group to seize and auction the assets of Nairobi County over a Sh4.3 billion defaulted loan.

Justice Chacha Mwita dismissed the county government’s application challenging the amount awarded by an arbitrator in November 2019.

The lender moved to court in 2020 seeking recognition of the award by Phillip Bliss Aliker, an arbitrator who was chosen by both parties….

Read more…

 


LEAVE A REPLY

Please enter your comment!
Please enter your name here