A legal battle over a Sh54 million loan, which triggered the forced sale of a prime 25-acre property worth Sh295 million in Karen, Nairobi, has been escalated to the Supreme Court, setting the stage for a landmark ruling on the powers banks hold in the sale of assets presented as collateral.
Nyanja Holdings, a company linked to former Limuru MP George Nyanja, is challenging a Court of Appeal decision that upheld the sale of its land despite findings that the loan had been overpaid and the auction process was flawed.
