Court issues warrant to recover nearly Sh2.9 billion from Bank of Baroda
Bank of Baroda (Kenya) Limited could have its movable assets attached and auctioned after the High Court issued a warrant to recover nearly Sh2.9 billion owed to Infinity Industrial Park Limited. The warrant, issued on September 15, 2026, directs Moran Auctioneers to attach the bank’s movable and attachable property until the outstanding amount of Sh2,996,003,000 [...] The post Court issues…
A warrant has been issued by the High Court to recover approximately Sh2.9 billion owed by Bank of Baroda (Kenya) Limited to Infinity Industrial Park Limited. The warrant, issued on September 15, 2026, mandates Moran Auctioneers to seize the bank's movable and attachable assets until the outstanding debt of Sh2,996,003,000 is satisfied.
The legal battle is ongoing in the High Court Commercial Division in Nairobi, with Infinity Industrial Park Limited as the plaintiff and Bank of Baroda (Kenya) Limited as the judgment debtor, under Commercial Case No. E322 of 2024. The bank was initially ordered to pay Infinity Industrial Park Sh2.996 billion following a decree on September 8, 2025, with additional orders made on September 1, 2026.
The total amount being pursued includes the principal debt, further costs, and collection fees. Moran Auctioneers has been tasked with attaching sufficient bank assets to cover the debt and associated costs. If the debt remains unpaid, the attached property may be liquidated through a public auction, requiring a 15-day notice and adherence to legal proclamation procedures.
The auctioneer is obligated to report back to the court by October 15, 2026, detailing the execution of the warrant or providing reasons for any delays.
Written by urgent.news from KahawaTungu's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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