I&M stopped from transferring properties auctioned over Sh1.5bn debt

I&M had asked the court to dismiss the case arguing that it was frivolous. FILE PHOTO | NMG

I&M Bank has been stopped from transferring three properties belonging to a firm in Nairobi over an alleged debt of about Sh1.5 billion.

Highgrove Holdings Ltd, through lawyer Eddy Orinda, told the court that the bank had already sold two of the properties at Lower Kabete, which were used as a security, and was in the process of transferring them without proper valuation and a notice as required by law.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.