Nairobi, Feb. 8 -- Middle East Bank Kenya has been sued for failing to transfer a piece of land to a buyer from whom it had received the full transaction price of Sh195.2 million.

Hussein Alibhai Pirbhai and his firm Tranquility Holdings Limited filed an application at Nairobi's Environment and Land Court seeking to compel the bank to complete the land sale.

In response, the bank sought to have the case dismissed on grounds that the court did not have jurisdiction to resolve the dispute.

The lender argued that it is the High Court that should hear the matter. The Environment and Land Court, however, rejected the bank's argument, stating that the dispute lies in its domain.

"In applying the predominant purpose test, it is clear that th...