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Tag Archives: Crane Bank

Crane Bank reverts to tycoon Sudhir

Kampala, Uganda | THE INDEPENDENT | The Supreme Court has this morning ruled that Crane Bank ownership reverts to businessman Sudhir Ruparelia, in a judgment that puts an end to a five-year legal battle preceded by the closure of the Bank The judgment was made this morning as the court …

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Supreme Court victory for Sudhir in BOU application

Kampala, Uganda | THE INDEPENDENT | Supreme Court Justices Rubby Opio-Aweri, Faith Mwondha, Dr Lillian Tibatemwa, Ezekiel Muhanguzi and Percy Night Tuhaise have dismissed with costs an application by Bank of Uganda to substitute Crane Bank (In Receivership) with Crane Bank (In Liquidation) in a pending appeal. (Click to read full …

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Sudhir responds to BOU press statement

Kampala, Uganda | THE INDEPENDENT | Sudhir Ruparelia and Meera Investments Limited’s lawyers have responded to a statement from Bank of Uganda that gave reasons why they intend to go to the Supreme Court after they lost a recent appeal. Uganda’s central bank is facing huge costs after losing court …

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DFCU retains interest in former Crane Bank properties – BoU

Kampala, Uganda | THE INDEPENDENT | Dfcu bank remains the owner of the leasehold of the former Crane bank buildings it vacated, Bank of Uganda has said. The buildings, formerly hosting Crane bank branches but now being claimed by Meera Investments Limited, were taken over by Dfcu when it bought Crane …

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Behind Sudhir win

SUDHIR CASE: Plan to have BOU pay heavily Kampala, Uganda | JULIUS BUSINGE & ISAAC KHISA | Real estate tycoon Sudhir Ruparelia has won a major case in the High Court in Kampala that could see the Bank of Uganda pay him billions of shillings in costs and compensation for …

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Behind Sudhir win

Plan to have BOU pay heavily Kampala, Uganda | JULIUS BUSINGE AND ISAAC KHISA | Real estate tycoon Sudhir Ruparelia has won a major case in the High Court in Kampala that could see the Bank of Uganda pay him billions of shillings in costs and compensation for lost business …

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BOU to appeal against Sudhir ruling

Kampala, Uganda | THE INDEPENDENT | Crane Bank (in Receivership) is dissatisfied with Monday’s High Court’s ruling in their UGX397 billion case against Sudhir Ruparelia and will appeal, Bank of Uganda has confirmed. The High Court Commercial Division on Monday dismissed the  Crane Bank (in Receivership) suit against Sudhir and …

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