Court of Appeal halts Dei Industries, Equity Bank loan dispute trial

Our Reporter1 week ago06 mins

The Court of Appeal has stopped the hearing of a multimillion-dollar loan dispute between Dei Industries International, Dei BioPharma, Dr Mathias Magoola and Equity Bank Uganda and Equity Bank Kenya, pending the determination of the main appeal. Justice Florence Nakachwa, sitting as a single justice of Appeal, ordered that the hearing and all proceedings in…

Equity Bank defeats Dei Industries bid to halt independent audit in loan dispute

Our Reporter2 months ago05 mins

The High Court has dismissed an application by Dei Industries International and its proprietor, Dr Matthias Magoola, seeking to halt an ongoing independent audit process in their legal battle with Equity Bank Uganda Ltd and Equity Bank Kenya over a long-standing loan. Justice Susan Abinyo said Dei Industries and Magoola had failed to prove that…