Court yet again declines to block foreclosure of Simbamanyo House and Afrique Suites Hotel
Peter Kamya, the proprietor of Simbamanyo Estates Limited has endlessly lost various court attempts to block the sale of the property. Hearing of the main suit to determine the nature and manner of sale continues.
The High Court’s Commercial Court has declined and dismissed an application by Simbamanyo Estates Limited, and its owner, Architect Peter Kamya to temporarily halt the transfer of two properties mortgaged by Equity Bank to recover USD10.8 million that the former borrowed and failed to repay.
The application for temporary injunction- Miscellaneous Application No. 1611 of 2021 arises from Civil
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