This is an application for the confirmation of a provisional order granted by this court on 4May 2022 for the provisional liquidation of the first respondent MANGENJE BROTHERS (PRIVATE) LTD. More
This is an application in terms of s 5(1)(b)(iii) of the Insolvency Act [Chapter 6:07], (hereinafter called “the Act”) for the liquidation of the first respondent on the basis that it is just and equitable to wind it up. The applicant avers that there is a deadlock between its members and directors. In addition, it is submitted that the forth respondent is dissipating the company’s assets, as well as selling assets in its name, thereby creating obligations which the company is unable to fulfill. It has been brought by the executor of the estate of the late Isaiah Mudzengi, who... More
This application was filed in terms of section 5(1)(b)(iii) of the Insolvency Act [Chapter 6:07] (“the Act”), for the liquidation of Greynut Investments (Pvt) Ltd (“the first respondent”) on the basis that it is just and equitable to wind it up. It was brought by the executor of the estate of the late Isaiah Mudzengi, who held 70% shares in the first respondent. The application is opposed by the fourth and fifth respondents. In her opposition, the fourth respondent states that she the Chief Executive Officer and co-director of the first respondent, and that she has a shareholding of 30%.... More
The applicant was married to the late Edward Matambanadzo Chikudza in terms of the Marriages Act, [Cap 5:11]. The late Edward M Chikudza died intestate on 15 February 2008. His estate was duly registered in terms of the Administration of Estates Act [Cap 6:01] as DR309/08. More
On 25 February 2022, this Court issued an Order in favour of the first Respondent to the effect that:
1 “Provisional sentence in the sum of US$295,102-00 be and is hereby granted
2 Defendant shall pay interest on the sum of US$295,102-00 at the prescribed rate reckoned
from 17 April 2021 to date of payment in full.
3 Defendant shall pay collection commission in terms of the Law Society of Zimbabwe
By Laws.”
It is this order that eventually gave rise to the current application. Applicant has approached this Court on an urgent basis seeking the following:
“TERMS OF FINAL... More
