Matooke Republic
Sunday, July 13, 2025
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
Matooke Republic
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
No Result
View All Result
Matooke Republic
No Result
View All Result

Sudhir lawyers oppose BoU case withdrawal as it is meant to avoid paying costs

Matooke Republic by Matooke Republic
November 17, 2021
in News, Uncategorized
Reading Time: 3 mins read
Share on FacebookShare on Twitter

Lawyers representing business magnate Sudhir Ruparelia have objected to the move by Bank of Uganda to have their appeal withdrawn from the Supreme Court on grounds that the appelants (Crane Bank in Receivership) are trying to reverse the decision of the High Court and Court of Appeal in regards to payment of costs.

Following the take over and sale of Crane Bank, BoU filed a suit against Sudhir and his Meera Investments in 2017, BoU lost the case prompting Sudhir and his lawyers asking court to compel BoU  to pay costs of the suit since it is the one that instituted the suit.

On September 15th BoU signed its intention to withdraw the appeal by filing a Notice of Withdrawal.

RELATED POSTS

State Prosecutor found dead at her home in Kasangati

One shot dead, another arrested in foiled mobile money robbery in Kitintale

The lawyers representing the businessman including Petee Kabatsi, Joseph Matsiko and Elison Karuhanga of Kampala Associated Advocates object to the move.

“We contend that this did not result in dismissal of the Appeal until court pronounces itself on this matter,” Sudhir’s lawyers notes on the notice of withdrawal read in part.

Sudhir’s lawyers contend that the BoU lawyers’ action is a manoeuvre to try to avoid paying costs, despite court having clearly pronounced itself on the matter.

Sudhir’s lawyers give several reasons why BoU should be the one to pay the court costs.

They indicate that all applications and affidavits were deposed by Margaret Kasule the legal counsel of BoU.

“It is therefore without a doubt that BoU has been instituting the said actions against the respondents as found by the two lower courts,” Sudhir’s lawyers argue.

They add that in the High Court the fact that the Legal Counsel of BoU was the one swearing and filing various documents was the basic for the decision that BoU pays the costs.

Sudhir’s lawyers also note that the Appelant (Crane Bank in Receivership) is a non-existent party and no proceedings can be commenced against them according to the Financial Institutions Act.

“Since section 96 of the Financial Institutions Act insulated Crane Bank in receivership from court proceedings, execution of other legal processes, the person that should pay the costs should be the person who instituted the suit and that is Bank of Uganda, that is so because Crane Bank in Receivership had no capacity to foot costs,” the response reads in part.

Sudhir lawyers have also asked court to return assets of Crane Bank Ltd to its shareholders after Receivership ended in 2018.

Related

Tags: BoUCrane BankSudhir
Share3Tweet2Send
Matooke Republic

Matooke Republic

Freshly peeled info from area code 256

Related Posts

India at 78: From politics to business, Sunak to Kamala, Sudhir to Sundai, why they are running the world

by Matooke Republic
11 months ago

...

Nepal consul Sudhir rallies Nepalese, Ugandans in blood donation drive

by Matooke Republic
1 year ago

...

UK Supreme Court orders that DFCU, its owners and directors must stand trial in UK for their role in fraudulent acquisition of Crane Bank

by Matooke Republic
2 years ago

...

Lands Registry cancels titles of 48 former Crane Bank branches held by Dfcu, returns them to Sudhir

by Matooke Republic
2 years ago

...

Crane Bank shareholders welcome London Court ruling to hear multi million dollar case against DFCU, vow to fight for justice

by Matooke Republic
2 years ago

...

Next Post

PROFILE: What you need to know about Climate activist Vanessa Nakate

KAMPALA BOMBINGS: MUBS suspends student bags at campus

RECOMMENDED

Kabaka’s Lake to be redeveloped into an international urban tourism site

July 12, 2025
A vibrant breakout session during the Billi Now Now Youth Summit 2025, where young changemakers engaged in powerful discussions on leadership innovation and youth empowerment.

RAHU holds third BNN Summit, rallies young people to harness their voices toinfluence a better future

July 12, 2025
  • 643 Followers
  • 23.9k Followers

MOST VIEWED

  • Here is how to use NIRA’s new online portal to register or renew your national ID

    3931 shares
    Share 1572 Tweet 983
  • DNA test confirms late MP Ssegirinya was father to only 4 of 9 children presented after his death

    98 shares
    Share 39 Tweet 25
  • Kampala University proprietor Prof Kateregga’s wife rejects DNA results indicating one of three children is not his, demands fresh test in the United States

    94 shares
    Share 38 Tweet 24
  • Properties owned by late billionaire Aponye at risk of auction over Shs15 billion loan arrears

    78 shares
    Share 31 Tweet 20
  • Pastor Bugingo’s daughter Doreen Gift awarded scholarship to Arizona State University in the US

    61 shares
    Share 24 Tweet 15
Matooke Republic

Uganda's only free Newspaper. Out every Thursday. Freshly peeled info. kiwatule, Kampala, Uganda.

  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos

© Matooke Republic 2024

© Matooke Republic 2024

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.