Mortgage lender Housing Finance Company (HF) #ticker:HFCK has lost a court bid to free the auction of 76 maisonettes after a developer defaulted on a Sh350 million loan.
In the preliminary objection, the lender wanted the dispute filed at the Environment and Land Court in Machakos struck out, arguing it was before the wrong judges. The mortgage firm reckoned the housing row should be heard by the High Court and not the Land Court because it was a commercial dispute.
