Bank of Baroda, borrower fight for control of industrial park

Ashok Rupshi Shah shows a map during an interview on July 27, 2016.

Photo credit: File | Nation Media Group

A long-running dispute between Bank of Baroda (Kenya) and Infinity Industrial Park has escalated into a legal battle over the control of a multi-billion shilling industrial project on Nairobi’s Eastern Bypass.

The dispute, which began with a Sh1.976 billion loan advanced to Infinity in 2019, has resulted in competing claims of default, damages, delayed release of charged land and, most recently, an attempt by the bank to place Infinity under administration.

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