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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.
“The court directs that the existing status quo between the parties as at the date before appointment of the administrator be maintained pending determination of the suit,” ruled Justice Chepkwony.
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