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Originally published by Capital Business
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business
May 28, 2026
6h ago

Court Blocks Property Auctions in Cytonn Liquidation Dispute

Court Blocks Property Auctions in Cytonn Liquidation Dispute

NAIROBI, Kenya, May 28-The High Court has halted the sale of Cytonn-linked properties and suspended the auction of The Alma and other disputed assets for Kenya breaking news | Kenya news today |..

✨ Key Highlights

The High Court has temporarily halted property auctions linked to Cytonn-related entities for 60 days as part of an ongoing liquidation dispute, while also dismissing contempt of court charges against Cytonn executives.

  • The court suspended auctions for The Alma, Kilimani, The Ridge, and Newtown properties.
  • Key organizations involved include the High Court, the Official Receiver, and entities linked to Cytonn.
  • The Official Receiver is empowered to take over and manage The Alma property, with existing management committees declared to have no legal standing.

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