Businessman Patrick Bitature can now breath a sigh of relief, at least, for now after the Court of Appeal halting the auctioning of some of his properties.
Justice Christopher Gashirabake, sitting as a single judge ruled that the properties could be sold yet the case is still pending.
“There is all evidence that there is a real threat of sale/disposal of the property before determination of the main arguments of jurisdiction of this court can be determined,” ruled Justice Gashirabake.
He added: “For this reason, I grant the protective order sought. Any further form of threat of sale or dealing in the advertised property is hereby stayed until the determination of the application of interim order of stay. I order accordingly. I give no order as to costs.”
The properties at stake are; Elizabeth apartments in Kololo, Protea Hotel (Skyz’s Hotel) in Naguru, Moyo Close apartments and Kololo Gardens in Kampala.
The auction is intended to recover about Shs117b that Vantage is demanding from the businessman following a loan deal gone bad.