Businesswoman Mary Wambui Mungai was ordered to pay Sh100 million to Equity Bank within seven days of June 5 to save her luxury Glee Hotel in Nairobi’s Runda estate from auction.
The High Court ruled that the payment was a condition for temporarily stopping the lender from exercising its statutory power of sale over the hotel and other charged properties. Failure to comply would automatically lift the suspension, allowing the bank to proceed with recovery measures.
