Syokimau developer loses bid block estate takeover in Sh1.3bn debt row

Gavel

The Court of Appeal has rejected a bid to stop Co-operative Bank from pursuing 10 disputed homes linked to a Sh1.39 billion debt.

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The Court of Appeal has rejected a bid to stop Co-operative Bank from pursuing 10 disputed homes linked to a Sh1.39 billion debt owed by a real estate development company, Loneview Developers Ltd.

A three-judge bench dismissed Mathew Musau’s application for an injunction, saying his intended appeal would not be rendered worthless if protection was denied.

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