CBK wants orders on Imperial Bank liquidation lifted

Imperial Bank's branch in Likoni, Mombasa County, as pictured on October 14, 2015. FILE PHOTO | NMG

The Central Bank of Kenya (CBK) is seeking to have orders which had been issued temporarily stopping the liquidation of Imperial Bank Ltd set aside.

In its application, CBK says that in obtaining the orders (to stop the liquidation of IBL) businessman Ashok Doshi and his wife Amit failed to make full and frank disclosure of material facts to court.

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