Relief for tea export firm on suspended seizure over Equity Bank debt

Gavel

In its case, Swafi Foods Ltd says Equity Bank has at all material times provided it with financial services, including loan and overdraft facilities.

Photo credit: File

The High Court has stopped the appointment of joint administrators to take over operations of a tea export firm, Swafi Foods Limited, over a defaulted bank loan.

Swafi Foods has sued Equity Bank Kenya, Kamal Anatroy Bhatt, Jamal Kamal Bhatt, and Anant Bhatt LLP, claiming the appointment notices were issued without following proper procedure.

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