Transport firm faces auction over Sh245.5 million NCBA debt

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NCBA branch in Nairobi. FILE PHOTO | NMG

NCBA Bank #ticker:NCBA is seeking to be allowed to recover the debt owed to it by a Mombasa-based transport company, its directors and two firms that guaranteed the defaulted Sh245.5 million loan.

The bank wants the High Court in Mombasa to rule in its favour against Shiva Carriers Ltd, Jagged Alliance Ltd and directors Deepak Madan and Raveej Deepak for failing to appear or file a defence in its petition seeking to repossess property.

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