Crane Bank

The Supreme Court on Friday (February 11) dismissed, with costs to the respondents, an appeal by Bank of Uganda against city tycoon Sudhir Ruparelia and Meera Investments. Uganda’s top court ordered the central bank to directly pay costs at all court levels, right from the Commercial Division of the High Court. The court also directed […]

Bank of Uganda has withdrawn its appeal filed in the Supreme Court against businessman Sudhir Ruparelia and his Meera Investments Ltd in the dispute over the sale of the now defunct Crane Bank. “Take notice that the appellant does not intend further to prosecute the appeal. Take further notice that the appellant, will pay the […]

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