Nairobi, June 13 -- Businesswoman Mary Wambui Mungai was ordered to pay Sh100 million to Equity Bank within seven days of June 5 to save her luxury Glee Hotel in Nairobi's Runda estate from auction.

The High Court ruled that the payment was a condition for temporarily stopping the lender from exercising its statutory power of sale over the hotel and other charged properties. Failure to comply would automatically lift the suspension, allowing the bank to proceed with recovery measures.

It was not immediately clear whether the businesswoman had paid the amount.

"The suspension is on condition that the applicant pays to the respondent a sum of Sh100 million within seven days of the date of this ruling, in default of which the order of sus...