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Court backs HF in Tigoni asset loan row with developer
The court also rejected Echuka’s bid to cancel Sh59 million in accrued interest, stating that the restructuring agreement clearly placed subdivision responsibilities on the borrower.
The High Court has allowed listed mortgage lender Housing Finance to proceed with the sale of charged properties in Tigoni after dismissing a borrower’s claim that a Sh76 million loan had been repaid twice and fully settled.
The court rejected Echuka Country Estate Limited’s lawsuit against the lender, ruling that the developer remained in default despite alleging double recovery.
