By CHARLES MUSONDAPCP Mining fights court verdict over $633, 000 awardPCP Mining Suppliers Limited has appealed to the Court of Appeal against the Ndola High Court’s decision to set aside a judgment in default of defenceentered in favour of the company in a case it claimed US$633, 011.00 from Zamm Imports Limited.In this case, PCP Mining Suppliers Limited sued Zamm Imports Limited for failing to pay the US$633,011.00 spent on material, design and manufacturing of an ultimate flotation plant on behalf of the respondent. After PCP Mining commenced the action, on May 28, 2020 Ndola High Court Judge Yvonne Chembe entered the judgment in default of defence in favour of PCP Mining in the sum of US$633,011.00 together with interest at the then bank lending rate until date of full payment plus costs to be taxed in default of agreement.But on June 2, 2020 Zamm Imports Limited applied to the court to set aside the judgment in default of defence on the ground that an application to dismiss PCP […]
PCP MINING FIGHTS COURT VERDICT OVER $633,000
