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HomeCase law › Crane Bank Limited (In Receivership) v Sudhir & Another (Civil Appeal 7 of 2020)

Crane Bank Limited (In Receivership) v Sudhir & Another (Civil Appeal 7 of 2020)

Citation: [2022] UGSC 4 Court: Supreme Court Decided: 1 July 2022 Jurisdiction: Uganda
Cited — treatment unverified cited in 7 (treatment unverified) Derived from citing cases in the Wakilii corpus — not an assertion that this case is good law.

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Banking & FinanceCompany LawCivil ProcedureStatutory Interpretation

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AI-generated summary — verify against the full judgment before relying on it.

Held that receivership of a financial institution ends by effluxion of time after twelve months, whereupon management and assets revert to the company's shareholders.

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Source: this page presents Wakilii's issue analysis and metadata for a publicly reported Ugandan judgment. Judgment text is sourced from the Uganda Legal Information Institute (ulii.org). Wakilii is not affiliated with ULII.