Sat, 21 Jan 2017 12:56:58 +0000 By CHIKUMBI KATEBE LUSAKA High Court Justice Sunday Nkonde has dismissed an application by Investrust Bank to join as respondent in the winding up of the Post Newspaper in liquidation. This is in a matter in which High Court Justice Nkonde placed the newspaper company in liquidation following an application by five former employees to wind up its operations owing to the huge debt the Post owed. This was in an application sworn by one of the petitioners for the winding up of the Post, Abel Mbozi, in the non-joinder of a party to proceedings pursuant to Order 14 Rule 5 of the High Court rules. Mr Mbozi argued that all those owed by The Post have already lodged their claims with the liquidators and that as far as they were concerned, there was only one liquidator as appointed by the High Court, in Lewis Mosho of Lewis Nathan […]
Investrust bank loses bid to join Post liquidation case
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