Commercial Justice

Court dismisses UGX397bn BoU case against Sudhir; central bank ordered to pay costs

by Muhereza Kyamutetera
Dr. Sudhir Ruparelia and son, Rajiv Ruparelia together with lawyer Peter Kabatsi of KAA and city journalist and businessman Andrew Mwenda address a press conference outside the Commercial Court. Sudhir said he will launch a counter suit against the BoU and dfcu Bank.

A bank in receivership, under the Financial Institutions Act (2004) is not permitted to sue or sued and therefore, Crane Bank (in receivership) cannot and should not have sued businessman…

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About the Author

Muhereza Kyamutetera is the Executive Editor of CEO East Africa Magazine. I am a travel enthusiast and the Experiences & Destinations Marketing Manager at EDXTravel. Extremely Ugandaholic. Ask me about #1000Reasons2ExploreUganda and how to Take Your Place In The African Sun.

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