The Court of Appeal has provided protective cover against the advertising or auctioning of assets belonging to Simba Telecom and Simba Properties Investments associated with businessman Patrick Bitature. In a ruling by Court of Appeal Judge Justice Christopher Gashirabake, Kampala Lawyers Robert Kirunda and Noah Shamah, along with Quick Way Auctioneers, have been stopped from attempting to sell the multimillion properties at the centre of a commercial dispute. Justice Gashirabake, in his ruling following an appeal application filed under a certificate of urgency, ruled that the six properties will remain protected pending the resolution of ongoing legal matters. “There is…
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Businessman, Patrick Bitature, the CEO and Founder of the Simba Group of Companies, has spoken out about the ongoing commercial dispute between some of the Group Companies and a South African mezzanine financier, saying the issues are being addressed appropriately and that the mentioned companies remain open for business. This is the first direct statement by the billionaire businessman, since a public-auction advert appeared in one of the dailies, purporting to put properties belonging to some Simba Group subsidiaries up for sale, upon instructions by a one, Kirunda & Wasige Advocates. Apparently, the law firm was acting on behalf of…
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Simba Properties Investment Co. Ltd has broken silence over a public auction advert that appeared in the Daily Monitor today, purporting to put up its properties for sale, dismissing the advert as a “malicious illegality”, an “abuse of the court process” as well as a “misguided and unprofessional conduct” by the bailiffs/auctioneers and the lawyers for whom they purport to represent. The group has advised its stakeholders and the public to ignore the said impugned advert. In a public notice, issued on the company’s behalf, by its lawyers, M/S Muwema & Co Advocates, Simba Properties Investment Co. Ltd warns “anyone…
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This morning, a copy of an advert in one of the newspapers, made and is making several rounds on various social media channels, especially WhatsApp. The advert, by Quickway Auctioneers & Court Bailiffs titled: Sale by Public Auction/Private Treaty reads: “Duly instructed by M/S Kirunda & Wasige Advocates, on behalf of their client, the registered mortgagee, we shall proceed to sell by public auction/private treaty, the undermentioned property, under the Mortgage Act, 2009, unless the debtor, mortgagor pays the entire outstanding loan balance and all costs attendant to our clients, within 30 days from the date of this advert, our…
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