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Regulator wants orders blocking Dubai Bank liquidation lifted

Dubai bank Kenya limited is allegedly closed by Central Bank of Kenya on 14/8/2015. Photo/ Edward Kiplimo

The banking sector regulator has challenged a High Court order halting the liquidation of the troubled Dubai Bank.

Dubai Bank had been put under receivership over liquidity and capital deficiencies, but the High Court ruled that the process was unwarranted and premature as it was done in a huff.

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