Toyota Kenya loses Sh383m tender row with car leasing firm
Wednesday May 19 2021
By SAM KIPLAGAT
Summary
Judge agreed with a vehicle leasing firm that there is no evidence it accepted the terms imposed by the carmaker.
Toyota was demanding the Sh383 million arising from interest for late payments for the vehicles acquired by Vaell.
Editor s note: This story has been revised to reflect that the court suit was between Toyota Kenya and Vehicle & Equipment Leasing Ltd and not the government as earlier indicated.
Toyota Kenya has lost a Sh383 million claim against a vehicle leasing firm for alleged breach of contract and delay in payment of some 500 vehicles purchased between February 2014 and 2017.