Auction of DusitD2 over Sh5bn remains on hold

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Dusit D2 Hotel. FILE PHOTO | NMG

The Court of Appeal has declined to review a decision blocking the sale of the property where DusitD2 Hotel stands over a debt of Sh5.5 billion.

A bench of five judges of the Appellate Court declined to reverse the orders granted by a different bench of the court in April last year, blocking the planned auction pending the determination of an appeal filed by I&M Bank.

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