Mon, 15 May 2017 12:54:58 +0000 By CHARLES MUSONDA ZIMCO Limited (in liquidation) still owes its liquidators US$236,351.89 together with interest at commercial bank lending rates from November 1, 2016, the Lusaka High Court has been told. According to the plaintiffs’ lawyer Arthur Ndhlovu of Messrs Mwenye & Mwitwa Advocates, the sums of US$537, 049.93 and K800, 000 owed by ZIMCO as at December 14, 2015 continued to accrue interest and the defendant was therefore liable to pay all sums. “I verily believe that the defendant has not settled in full amounts outstanding and due to the first plaintiff as the sum of US$536,966.20 paid by the defendant only covers a portion of the total amount due from the defendant,” Mr. Ndhlovu said. Last month bailiffs seized Findeco House, which is owned by ZIMCO, by virtue of the writ of possession dated April 7, 2017, and by judgment dated November 9, 2016 but the […]
