NCBA cleared to repossess equipment from Mediheal Hospital
Nairobi, Sept. 2 -- NCBA Bank has won the right to repossess medical equipment leased to Mediheal Hospital & Fertility Centre Ltd after the High Court in Eldoret ruled that the equipment belongs to the lender.
The court, however, found that the lender's earlier attempt to seize the equipment in March 2024 was irregular because it had not served the hospital with the requisite notifications.
The court ruled that NCBA Leasing LLP, formerly NIC Leasing LLP, owns the equipment supplied to Mediheal under a master lease agreement dated August 9, 2018.
The hospital, founded by former Kesses MP Swarup Ranjan Mishrap, had challenged the seizure, arguing that the equipment proclaimed by Phillips International Auctioneers on March 26, 2024 belong...
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