Tag Archives: Crane Bank

Kampala, Uganda | THE INDEPENDENT |  Bank of Uganda has written to the Uganda Registration Services Bureau (URSB) advising it to amend the name Crane Bank Ltd by deleting the word “Bank” from the name in line with a Supreme Court ruling. BoU’s decision and consequent directive are based on …

Kampala, Uganda | THE INDEPENDENT | DFCU Bank Ltd and its former managers will now stand trial in the UK following the loss of a bid to bar legal action in the London courts brought against them by Crane Bank Ltd. The Supreme Court of the United Kingdom in London on …

Kampala, Uganda | THE INDEPENDENT | Following a 24th October 2023 High Court ruling that dfcu Bank had illegally transferred to itself 48 properties belonging to Meera Investments, after it took over tycoon Sudhir Ruparelia’s Crane Bank, the Lands Ministry has cancelled all the said land titles. As a result, dfcu …

London, UK | THE INDEPENDENT  | The UK Court of Appeal has today ruled that the Crane Bank-DFCU dispute over assets can be tried in the UK. The UK High Court had previously dismissed the Crane Bank Limited (CBL) claim on grounds that it was based on actions exercised by Bank …

Why those who thought they were above the law will soon realise that this is not the case THE LAST WORD | ANDREW M. MWENDA | On February11, businessman Sudhir Ruparelia won yet another victory in the Supreme Court against Bank of Uganda over the fate of Crane Bank. The …

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 …

Kampala, Uganda | THE INDEPENDENT | The controversy between Crane Bank and Bank of Uganda seems to be coming to an end after businessman Sudhir Ruparelia secured an injunction against the Bank of Uganda’s move to place Crane Bank (in receivership) under liquidation. The court also barred the Central Bank from continuing …

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 …

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 …

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 …