Root Capital Incorporated, which has a branch in Nairobi wants the High Court in Nyeri to issue orders to have two accounts owned by Tekangu Coffee Farmers’ Cooperative Society limited at Cooperative Bank of Kenya frozen for defaulting on the loan.
Through lawyer Bernard Otieno, the firm on Wednesday told Justice Jairus Ngaah that Tekangu farmers’ cooperative society borrowed the loan amounting to Sh24,069,675 million after which it defaulted on its payment.
A US firm has sued a coffee cooperative society in Nyeri for defaulting on a Sh29.6 million accumulated loan it had borrowed for construction of a processing plant in Mathira.
Root Capital, which has a branch in Nairobi, wants the High Court in Nyeri to issue orders to have two accounts owned by Tekangu Coffee Farmers Co-operative Society at Co-operative Bank of Kenya frozen for defaulting on the loan.
