By SILUMESI MALUMOKONKOLA Copper Mine (KCM) will appeal to the Supreme Court the decision to stay liquidation proceedings, Provisional Liquidator Milingo Lungu has said.This follows the Court of Appeal’s order that Liquidation proceedings be stayed to allow the parties to proceed to arbitration.Mr Lungu said said in an interview yesterday that he would ensure that the liquidation case was followed to the letter.“We shall definitely appeal to the Supreme. We want to ask the Supreme Court for stay of High Court ruling pending judgement,” Mr Lungu said.Mr Lungu explained that the Court of Appeal had not discharged the Provisional Liquidator and that he remained with full powers as granted by the High Court of Zambia on May 21, last year.“In view of this latest Judgment, Mr. Lungu wishes to update employees, business partners, the nation and all KCM stakeholders that the Court of Appeal has not discharged the Provisional Liquidator and he remains with full […]
KCM to appeal against stay
