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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.

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