Nairobi, June 1 -- Cytonn Integrated Project LLP has failed in its bid to stop SBM Bank (K) Ltd from auctioning part of its property in Ruaka, Kiambu County, to recover a debt exceeding Sh1 billion.

The Court of Appeal dismissed the Cytonn's application seeking to bar the lender from selling or transferring the property pending the determination of an intended appeal.

The real estate company had also sought orders restraining the bank from collecting rent or interfering with the management of the development.

In rejecting the application, the appellate court held that Cytonn was attempting to reopen issues that had already been determined in an earlier case.

The judges further noted that Cytonn did not dispute owing the bank money or ...