Please enable JavaScript to view advertisements.
×
App Icon
The Standard e-Paper
Kenya’s Boldest Voice
★★★★ - on Play Store
Download App
×
The Standard Group PLC The Standard Group Plc is a multi-media organization with investments in media platforms spanning newspaper print operations, television, radio broadcasting, digital and online services. The Standard Group is recognized as a leading multi-media house in Kenya with a key influence in matters of national and international interest.
  • Standard Group Plc HQ Office,
  • The Standard Group Center,Mombasa Road.
  • P.O Box 30080-00100,Nairobi, Kenya.
  • Telephone number: 0203222111, 0719012111
  • Email: corporate@standardmedia.co.ke

KCB stopped from selling luxury hotel in Sh5b row

KCB branch at Kipande House along Kenyatta Avenue, Nairobi. [Elvis Ogina, Standard]

The High Court has saved the luxurious English Point Marina Beach Hotel in Mombasa from being taken over by KCB Bank over a Sh5.2 billion debt.

Lady Justice Dorah Chepkwony also suspended the bank’s decision to appoint Kamal Bhatt as the receiver manager and administrator pending the hearing and determination of a suit filed by Pearl Beach Hotels Ltd.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902