Creditor wants court to lift order blocking auction of Dusit property

The 14 Riverside complex in Westlands, Nairobi.

Photo credit: Diana Ngila | Nation Media Group

The High Court has been asked to lift an injunction blocking the auction of 14 Riverside building, where Nairobi's Dusit D2 Hotel sits, to allow a creditor to auction the property and bring to an end a decade-long dispute.

Synergy Industrial Credit Ltd, which has been seeking to auction the property to recover more than Sh5.5 billion debt arising from a botched deal, accused Cape Holdings Ltd and I&M bank of filing endless applications in a bid to frustrate it from recovering the debt.

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