DusitD2 administrator urges term extension

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Dusit D2 Hotel. FILE PHOTO | NMG

An administrator appointed by I&M Bank to manage multi-billion shillings assets belonging to Cape Holdings Ltd, including the property where DusitD2 hotel stands has pleaded for an extension of her term.

Ms Vruti Shantilal Shah asked three judges of the appellate court to extend her tenure, saying it was in the interest of justice and for the good of all creditors that she continues to oversee the property.

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