Court setback for BCCI creditors

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The Independent Online
LIQUIDATORS representing over 6,000 creditors of BCCI, which was closed in 1991, yesterday lost the latest round in their legal battle to claim pounds 600m in compensation from the Bank of England.

The liquidators from Deloitte & Touche said they would seek leave to take the case to the House of Lords after the Court of Appeal voted two to one against the claim. Yesterday the Court confirmed an October 1997 ruling by Mr (now Lord) Justice Clarke that the claim could not be proved and should be struck out.

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