Bank of Baroda, borrower fight for control of industrial park
Bank of Baroda and Infinity Industrial Park are engaged in a legal dispute over a multi-billion shilling loan default. The conflict has led to court-ordered interventions and ongoing litigation regarding the control of the industrial project.
Why it matters
The case illustrates the complexities of debt recovery and corporate administration in the Kenyan real estate and industrial development sector.
A long-running dispute between Bank of Baroda (Kenya) and Infinity Industrial Park has escalated into a legal battle over the control of a multi-billion shilling industrial project on Nairobi’s Eastern Bypass.
The dispute, which began with a Sh1.976 billion loan advanced to Infinity in 2019, has resulted in competing claims of default, damages, delayed release of charged land and, most recently, an attempt by the bank to place Infinity under administration.
Infinity says the bank’s actions have disrupted its operations, damaged its reputation and undermined efforts to attract fresh investment into the industrial park.
The bank, on the other hand, has maintained that Infinity defaulted on its loan obligations and that it was entitled to exercise its rights as a secured lender.
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