Court blocks Crane Bank liquidation
On October 20, 2016, BoU took over the statutory management of Crane Bank Limited under Sections 87 (3) and 88 (1) (a) of the Financial Institutions Act.
PREMIUM News
(L-R) Sharma Ashwani Kumar, Joseph Matsiko lawyer, Peter Kabatsi lawyer, Sudhir Ruparelia and Rajiv Ruparalia celebrating after winning a case to against Bank of Uganda. (Credit: Michael Odeng)
By NewVision Reporter
Journalists @NewVision
COURT | BANK OF UGANDA | CRANE BANK
KAMPALA - The Supreme Court has blocked Bank of Uganda from placing Crane Bank Uganda Limited under liquidation, ruling that it is