Thu, 29 Sep 2016 09:18:54 +0000 STANBIC Zambia does not have a stay of execution order to stop bailiffs from levying distress on the bank after the Lusaka High Court discharged the ex-parte order of stay granted pending hearing and determination for leave to appeal in a dispute involving K192 million. According to an affidavit in opposition to ex-parte summons for a stay of execution of an earlier judgment, the complainant – Savenda Management Services – charged that following Mr Justice Sunday Nkonde’s ruling of 20th September, 2016, the bank had lost the stay obtained to restrain bailiffs from levying the bank. Savenda Management Services managing director Clever Mphoa insisted that the court must dismiss the application to appeal the judgment that waived the order to stay the execution to recover money owed by the bank. Mr Mphoa explained that initially, the bailiffs from the sheriff’s office moved in to levy distress on the […]
