Nairobi, Feb. 2 -- The High Court has allowed listed mortgage lender Housing Finance to proceed with the sale of charged properties in Tigoni after dismissing a borrower's claim that a Sh76 million loan had been repaid twice and fully settled.

The court rejected Echuka Country Estate Limited's lawsuit against the lender, ruling that the developer remained in default despite alleging double recovery.

In its decision, the court dismissed Echuka's argument that the bank, listed on the Nairobi Securities Exchange, had recovered more than Sh174 million-far exceeding the original Sh76 million facility-through auctions, private sales, and cash payments.

The borrower claimed that the bank had recouped Sh93.8 million through the public auction ...