The owner of the 14 Riverside buildings, which host the DusitD2 Hotel in Nairobi, has suffered yet another blow after the Court of Appeal rejected an application to stop the planned auction of the property in a long-running dispute with a creditor.
The court also rejected Cape Holdings' proposal for the property to be sold by private treaty and the proceeds to be deposited in an interest-earning account, pending the taking of accounts and debts owed to Synergy Industrial Credit Ltd, I&M Bank, and other creditors.
