Bank of Baroda (Kenya) Limited could have its movable assets attached and sold after the High Court issued a warrant to recover nearly Sh3 billion owed to Infinity Industrial Park Limited.
The warrant, issued on September 15, 2026, seeks to recover Sh2,996,003,000 from the bank following a judgment entered in favour of the industrial park developer.
The amount comprises a decretal sum of Sh2.996 billion, alongside Sh1,500 in further costs and another Sh1,500 charged as a collection fee.
Deputy Registrar Stellah N. Sagwe of the Milimani High Court Commercial and Tax Division directed Moran Auctioneers of Nairobi to identify and attach the bank's movable property sufficient to settle the outstanding amount.
The auctioneer has also been authorised to sell the attached assets through a public auction if the debt is not settled, after complying with the required proclamation process and issuing a 15-day notice.
The warrant arises from High Court Commercial Case No. E322 of 2024, involving Infinity Industrial Park and Bank of Baroda.
The dispute relates to the development of an industrial park in Njiru, along the Eastern Bypass, on land identified as LR No. 31978 (Original No. 11522).
Infinity Industrial Park had initially sought a permanent injunction preventing the bank from selling or otherwise dealing with the property.
The company had also asked the court to compel the bank to approve a Sh650 million development loan to facilitate construction of a second cluster comprising 50 warehouses.
Alternatively, it sought the release of an additional 15 acres of the project land so that it could seek financing from other lenders.
The developer told the court that delays in the release of land documents and portions of the property affected its ability to develop and sell warehouses and serviced industrial plots.
It also attributed its financial losses and cash-flow difficulties to the delays, the impact of the Covid-19 pandemic and disruptions associated with an election year.
However, Infinity Industrial Park later withdrew several of the orders it had sought.
A notice dated August 6, 2026, was subsequently allowed and adopted by the court, effectively withdrawing prayers relating to injunctions, additional financing, release of land, alleged breach of contract, a further 15-month moratorium, credit reference bureau listings and general damages.
Despite the withdrawal of the other prayers, the court entered judgment in favour of Infinity Industrial Park for special damages of Sh2.996 billion.
The latest warrant marks the transition of the dispute from litigation to execution of the judgment.
Moran Auctioneers is required to return the warrant to court by October 15, 2026, indicating how it was executed or giving reasons if it could not be executed.
The attachment and potential sale of the bank's assets remain subject to any further orders or proceedings before the court.
