In a third case, Crane Management Services, another Ruparelia Group real estate company has yet again sued Dfcu Bank for severally breaching rental agreements; refusing or failing to pay rental arrears or in some cases walking away from rent contracts before expiry and without attempting to renegotiate them. But what went wrong? Is Dfcu a rent defaulter or did they simply become arrogantly negligent?
For the third time this month, it has emerged that Sudhir Ruparelia, through Crane Management Services Company (CMS), has dragged Dfcu Bank to court, this time, for breach of various tenancy agreements in respect to 13 properties in Kampala and Mbale.
In the case (HCCS No.109 of 2018), CMS is demanding USD385,728 and UGX2,998,558,624 as rental arrears. This is before interest, general damages, interest on general damages and costs of the suit.
Dfcu is being sued on account of being the successor in title to Crane Bank (in receivership) and as such “having by its conduct assumed the rights and obligations under the tenancies in respect of the suit properties.
This comes on the heels of previous two suits where Dfcu is being sued for allegedly “fraudulently
