The applicants filed their notice of appearance to defend three (3) days outside the dies induciae. They were, at the time of filing the notice, automatically barred. This application aims at the removal of the bar.
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The plaintiff (“Ecobank”) is a bank registered and licenced in terms of the laws of Zimbabwe. In that capacity, it offers loans, advances and other such credit facilities to borrowers. The first defendant (“Solgas”) is also a registered entity in terms of the laws of Zimbabwe. It is in the business of solar power generation.
[5] By written agreement dated 27 July 2023, Ecobank extended loan for capital expenditure in the sum of US$450,000.00 to Solgas. In terms of that agreement, tiled “Working Capital Facility Agreement” (referred herein as the “loan agreement”), Solgas undertook to liquidate the principal and interest...
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On 29 June 2011 in HC 5213/11 I issued a provisional order in favour of Econet Wireless (Pvt) Ltd as the applicant, against Renaissance Financial Holdings Limited as the first respondent and Reggie Francis Saruchera (in his capacity as the Curator of Renaissance Merchant Bank Limited) as the second respondent
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