Statutory limits on interest rates

TRIAL COURT: IN BRIEF HCCC No. 648 of 2004 BETWEEN SANTOWELS LIMITED VS STANBIC BANK KENYA LIMITED In the case of Santowels Limited vs. Stanbic Bank Kenya Limited, Santowels filed a suit against Stanbic Bank, alleging that the bank had overcharged interest rates. The claim was based on Section 39…