Nairobi, Sept. 9 -- The High Court has cleared National Bank of Kenya (NBK) to take control of leather manufacturer Zingo Investments' business and assets in a long-running $5.6 million (Sh733 million) debt dispute.

The court ordered Zingo to hand over its premises, management, books, records, keys and other assets to the bank-appointed receiver and manager, Kolluri Venkata Subbaraya Kamasastry.

In the ruling, the court also authorised police assistance to enforce the takeover after rejecting Zingo's bid to halt enforcement pending an appeal.

"An order is hereby issued restraining the Plaintiff's directors, employees, agents, and any other person acting under its authority from interfering with, obstructing, or impeding the second defe...