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Relief for Imperial Bank as court thwarts CBK's liquidation bid

Imperial Bank’s head office in Westlands, Nairobi. Directors and shareholders of the bank have blamed CBK for the loss of Sh38b. [PHOTO:BEVERLYNE MUSILI/STANDARD]

The High Court in Nairobi has stopped the Central Bank of Kenya (CBK) from liquidating Imperial Bank Ltd (IBL) until the relevant legal provisions are complied with.

Justice George Odunga, while delivering the judgement on Friday directed Kenya Deposit Insurance Co-operation (KDIC) to engage stakeholders and depositors to review available options to save the bank.

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