Nairobi, June 4 -- The High Court has temporarily blocked Absa Bank Kenya from auctioning a set of commercial properties tied to a Sh80 million loan due in 2039 after the borrower missed a single payment instalment.

The dispute pits a borrower's expectation that a long-term credit facility should continue running against a bank's contractual right to demand immediate repayment after a monthly default.

John Maina Kinyua has sued Absa after the lender initiated the sale of two properties in Sigona, Kiambu County, charged as security for the long-term advance.

The rental properties, Sigona/1294 and Sigona/2103, were charged to the bank in September 2024 to secure a Sh80 million loan repayable through 180 monthly instalments.

Under the ag...