Business:Bitature loses court bid to block auctioning of his properties

Justice Mubiru in his ruling on whether Vantage, a foreign company had no capacity to sue Simba Properties, took a swipe at his fellow judge for not having informed his earlier ruling based on evidence.

The Commercial Division of the High Court, has thrown out an application in which Simba Properties Investment Co. Ltd and Simba Telecom Ltd, both owned by businessman Patrick Bitature, had sought to stop the advertisement and auctioning of his four prime properties in the ongoing loan saga with Vantage Mezzanine Fund, a South African entity.

In his ruling delivered on June 15, 2022, Justice Stephen Mubiru, argued that it was unfortunate that Simba Properties sued Counsel Robert Kirunda, Counsel Noah Shamah Wasige of Kirunda and Wasige Advocates and Bailiff Festus Katerega of Quick Way Auctioneers and Court Bailiff in their individual capacity, yet they were representing a known entity (Vantage) when they advertised their properties for auctioning in the newspapers.

Also sued was Commissioner Land Commission.