The High Court has declined to stop Equity Bank from taking over investment firm TransCentury Ltd in a row over a Sh2.2 billion loan.
This comes as the company said in a statement yesterday it had made major steps to repay the loan owed by its sister company, East Africa Cables.
Justice Francis Gikonyo declined to bar receiver managers appointed by Equity from taking over.
He instead directed the parties to appear before him next month.
