On 31st January 2025, Judge Peter Mulwa sitting at the High Court of Kenya at Nairobi issued orders restraining Credit Bank Limited and Garam Auctioneers from advertising, auctioning and offering for sale the land that is meant to host Kenya’s tallest building.
“An order of temporary injunction is hereby issued restraining the Respondents whether by themselves, their agents, servants, or any person claiming through or under them from entering, selling, taking over, advertising and offering for sale or in any manner whatsoever interfering with the parcel of land known as Title No. Nairobi/Block 31/219”, the Order reads.
In an Application filed at the High Court of Kenya at Nairobi, One Upperhill Towers Limited accuses Credit Bank Limited of erroneously instructing Garam Auctioneers to advertise and sell their land without issuance of the requisite statutory notices upon One Upperhill Towers Limited.The Company has, in its Application, told the court that the actions of Credit Bank Limited are mala fides as the bank is overly eager to sell the land, which it has grossly undervalued, without first giving the Company an opportunity to redeem the property.
Upon reaching out to the directors of One Upperhill Towers Limited, they confirmed that the Company took a loan facility with Credit Bank Limited and that the Company has been diligently servicing the loan. The attempted auction by Credit Bank Limited and GaramAuctioneers came as a shock to them and this necessitated the filing of a suit against the bank and the auctioneers. The Directors further confirmed that the project is still on and construction is ongoing.
“We wish to assure the general public that there is no cause for concern. We remain fully committed to safeguarding the interests of the Company and ensuring our operations remain uninterrupted” said the Director.
One Upperhill Towers Limited is in the process of constructing Kenya’s tallest building in Upperhill, Nairobi. In light of the orders issued by Judge Peter Mulwa, this goal seems achievable.
