Nairobi, Feb. 11 -- The High Court has ordered Mayfair CIB Bank to provide one of its customers, Akshar Industries, with a full and accurate statement of accounts following allegations of predatory lending practices on a Sh260 million loan dispute.

The court stopped the planned auction of Akshar's assets, demanded a full accounting of loan repayments, and criticised the lender's "improper banking practices" for harming the borrower's business.

Among cited irregularities were the dishonouring of cheques, unauthorised loan approvals, refusal to permit the sale of securities, and poor communication.

Under the ruling, the bank must submit a detailed statement of account within 30 days, outlining all loan facilities, payments, the allocatio...