Two freight and shipping companies have lost bid to stop Stanbic Bank from auctioning their properties over Sh56 million loan default following disruption of business by the Covid-19 pandemic.
Seahawk General Logistics Ltd and Matrix Logistics Ltd wanted the court to issue orders against the lender’s decision to sell their 29 land parcels in Karen, Kajiado/Kaputei North and Ngong to recover the loan.
