Nairobi, Feb. 16 -- The Court of Appeal has suspended a case at the High Court where a director of Pinewood Beach Resort and Spa is challenging KCB's appointment of a receiver manager to recover a Sh5 billion loan.

Judges Sankale ole Kantai, Dr Kibaya Laibuta, and George Odunga said the suspension would stand until the appeal by the lender is heard and determined. that KCB had satisfied the principles on which its application was considered.

In its main appeal, KCB wants the ruling and order of the High Court suspending its notice of appointment of a receiver manager set aside.

It also wants an order issued directing that Mr Kamal Bhatt was properly appointed as the receiver and manager of ITCO Investments Limited trading as Pinewood B...