The High Court of Kenya has ordered Bank of Baroda (Kenya) Limited to pay KSh 2.996 billion to Infinity Industrial Park Limited, with the Court subsequently issuing a Warrant of Attachment against the Bank’s movable assets in enforcement of the judgment.
The judgment is contained in a sealed High Court Decree in HCCOMM/E322/2024 — Infinity Industrial Park Limited v Bank of Baroda (Kenya) Limited, issued by the Milimani High Court, Commercial and Tax Division.
Just one day after the Decree was sealed, the High Court issued a Warrant of Attachment dated 15 September 2026, moving the matter from judgment into the execution stage.
The Warrant identifies Bank of Baroda (Kenya) Limited as the Judgment Debtor and Infinity Industrial Park Limited as the party in whose favour the decree was issued.
Significantly, the Court records the decretal amount at KSh 2,996,000,000, together with further costs and collection fees, bringing the amount stated in the Warrant to KSh 2,996,003,000.
The Warrant expressly records that this amount is “now due and payable.”
The High Court has commanded Moran Auctioneers, Nairobi, to attach movable property belonging to Bank of Baroda unless the Judgment Debtor pays the amount together with the costs of attachment.
The Warrant further provides for the attached property to be sold by public auction, following the prescribed notice and proclamation process, to the extent necessary to satisfy the outstanding decretal amount and costs.
The Warrant was issued under the seal of the High Court on 15 September 2026.
A DISPUTE INFINITY SAYS COULD HAVE BEEN AVOIDED
The dramatic enforcement proceedings come after what Infinity Industrial Park describes as years of attempts to find a commercial solution with Bank of Baroda.
According to Infinity, the company repeatedly approached the Bank seeking restructuring of its facilities and partial discharge of portions of its approximately 200-acre industrial property charged to the Bank.
Infinity’s position was that releasing limited portions of the security would enable the company to sell or develop those portions, generate substantial cash and apply the proceeds towards reducing the Bank’s debt.
The company says these requests were rejected
INFINITY OFFERED KSh 250 MILLION IN DECEMBER 2025
Infinity says that in December 2025, it went further and made a concrete proposal to Bank of Baroda.
The company offered to pay approximately KSh 250 million against the partial discharge of approximately 10 acres of the charged property.
According to Infinity, the proposal was intended to immediately reduce the outstanding debt and help regularise the account after its classification as a Non-Performing Asset (NPA).
Infinity says the proposal was rejected by Bank of Baroda.
The company maintains that the proposed partial discharge would not have amounted to walking away from its debt. On the contrary, Infinity says its objective was to unlock the commercial value of part of the property specifically to generate funds to reduce the Bank’s exposure.
INVESTORS READY TO PAY TOWARDS BANK DEBT
Infinity further says that it repeatedly informed Bank of Baroda that prospective investors were available and willing to inject substantial funds towards settlement of the outstanding banking facilities.
The company requested the Bank to provide a definitive full and final settlement figure, including consideration of a waiver of penal interest and related charges, so that investor funds could be deployed towards resolving the debt.
According to Infinity, recently in 5th August 2026 after getting ruling on 31st July its management sought meetings and negotiations with the Bank with the objective of avoiding prolonged litigation and reaching a commercially acceptable settlement.
Infinity says these efforts also was not accepted by present MD Bhardwaj.
Meanwhile, Infinity Industrial Park have paid KSh500 million capital repayment and Ksh800 million interest by 31st December 2023 to the Bank of Baroda.
