Mjoso v NBS Bank Limited
Mjoso v NBS Bank Limited (Commercial Cause 283 of 2016) [2023] MWHC 87 (27 September 2023)
High Court case over a bank’s sale of charged property upheld the charge and sale, but the court struck down penalty or default interest as unlawful.
- Mortgage enforcement
- Power of sale
- Loan interest rates
- Penalty interest
- Fiduciary duties
- Sale by private treaty