KCB wins priority over Proctor & Allan assets in Sh4.9bn debt row

KCB has been given priority to attach the property of Proctor & Allan (EA) Limited, as the lender claims Sh4.9 billion from the manufacturer.

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The High Court has blocked construction company EPCO Builders from attaching and selling assets of a Limuru-based cereals manufacturer, Proctor & Allan (EA) Limited, to recover a Sh150 million debt.

Instead, the court gave Kenya Commercial Bank (KCB) priority over the same property as the lender claims Sh4.9 billion from the manufacturer.

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Note: The results are not exact but very close to the actual.