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Court stops friendly Sh7m loan that grew to Sh69bn
The judges termed the multi-billion shilling claim unreasonable and oppressive while overturning a High Court judgment, which held that courts are not in the business of rewriting contracts for individuals who “make bad deals.”
Kenya’s appeals court has rewritten the terms of a Sh7 million loan between two friends after the defaulted debt grew to a Sh69 billion claim.
The judges termed the multi-billion shilling claim unreasonable and oppressive while overturning a High Court judgment, which held that courts are not in the business of rewriting contracts for individuals who “make bad deals.”
