Court extends order stopping payment of Imperial Bank depositors
Lawyer Francis Kadima at the hearing of a case he has challenged Imperial bank to release Sh1billion for businessman Ashok Doshi and his wife Amit May 13, 2016. PHOTO | LABAN WALLOGA | NATION MEDIA GROUP
Justice Patrick Otieno extended the orders which were issued following an application by a Mombasa based billionaire Ashok Doshi and his wife Amit who have sued the bank and Central Bank of Kenya.
The plaintiffs are associated with the Doshi Group, a company with interests in manufacturing and trading, including sale of building materials and power cables.
An interim order suspending a scheme of payment to depositors of the troubled Imperial Bank which is under receivership being implemented by two commercial banks was on Friday extended.
Justice Patrick Otieno extended the orders which were issued following an application by a Mombasa based billionaire Ashok Doshi and his wife Amit who have sued the bank and Central Bank of Kenya.
