The High Court has allowed Standard Chartered Bank to sell a businessman’s property in Kiambu and Nairobi saying courts cannot be a refuge for loan defaulters who refuse to repay the debt after being given a chance.
Justice Nixon Sifuna ruled that courts should not be a safe haven for unconscionable loanees who have critically defaulted on repayment, or a parking bay for cases filed by them, for purposes of buying time and as a delaying tactic.
