JamboPay bid to halt auction of land over Sh139m loan fails
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Nairobi, Jan. 23 -- Online payments company JamboPay has failed in its bid in court to stop Equity Bank from auctioning its land over an outstanding loan of Sh139 million.
The court also discharged and vacated temporary orders issued on February 21, 2022, which had suspended the intended sale of the suit property.
Justice Oguttu Mboya said JampoPay's "case was not only misconceived but equally devoid of merits" since the bank had informed the company about the intended sale of the suit property as envisaged in the Land Act.
"It is my finding and holding that JampoPay and her directors were variously and duly served with the requisite statutory notices by and on behalf of Equity Bank.
"I also find and hold that having been duly served ...
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