The High Court has allowed the official receiver to take over three properties in Nairobi’s Kilimani area belonging to Cytonn, which was placed under liquidation in January.
In a ruling on November 30, Justice Alfred Mabeya allowed the official receiver to take over the properties linked to Cytonn High Yields Solution (CHYS) despite opposition from Cytonn Investment Partners and another creditor who argued that regulated investors stood to suffer.
