The Court of Appeal has declined to allow an administrator appointed by I&M Bank to continue managing multi-billion shilling assets belonging to Cape Holdings Ltd, including the property where DusitD2 hotel stands, pending a ruling on whether her term will be extended.
A Bench of three judges of the appellate court declined to allow Ms Vruti Shantilal Shah a temporary stay, pending their decision as to whether her tenure will be extended as requested.
