Sparks fly over Capital liquidation

Capital Bank Limited's liquidation proceedings are due to be heard in the High Court today amid spirited efforts by the closed institution's forerunner to stop the process.

This also comes as RFHL has sought to bar Addington Chinake from representing NSSA and about three ex-group directors on the basis that he was conflicted.

Having won a recent chamber ruling which forms part of a whopping $526 million damages claim on how the former ReNaissance Bank was sold to NSSA, Patterson Timba's camp is going all out to oppose Capital's final wind-down.