The official cassation judgment for the bankruptcy of Investment Dar Company, in lawsuit No. 380/2019 full civil commercial, has been published by Kuwait Today. This ruling is supported by the judgments issued in appeal No. 3901/2019 and 406/2020 Commercial Cassation 6, which uphold the bankruptcy of Investment Dar Company. The case was filed by National Investments, Burgan Bank, Gulf Investment House Company, Commercial Bank, World Bank, Industrial Bank, and Al-Buraq Holding Company.
In light of this, legal sources have exclusively revealed to Al-Jarida that the auction of liquidation of Boubyan Bank's shares has been canceled due to this ruling, as some creditor companies have taken action accordingly.
The operative part of the judgment states that before making a decision on the appeal, the Department of Experts at the Ministry of Justice has tasked a committee of three experts to review the case papers, documents, and any submissions made by the litigants. Their main task is to assess the assets, properties, and funds of Investment Dar Company, the debts it owes, and determine whether it is the owner of Boubyan Bank's shares or not.