Gov’t cancels 48 land titles held by dfcu Bank

The Commissioner, Land Registration has cancelled 48 leases previously in favour of dfcu Bank held on land belonging to Meera Investments Limited. This follows a High Court finding and subsequent ruling that dfcu illegally transferred the said leases unto themselves from the defunct Crane Bank, without the consent of Meera Investments, the original owners. The registrar of lands has also directed that dfcu Bank return the now “legally inconsequential” 48 duplicate certificates it holds, within 7 days.  “You will recall that judgment in the above-captioned suit was entered in the favour of the Plaintiff, Meera Investments Limited against DFCU Bank…