HH 228-18 BALASORE ALLOYS LTD versus ZIMBABWE ALLOYS LTD and Ors

BALASORE ALLOYS LTD

(Incorporated in the Republic of India with

Registration No. CIN: L127101OR1984PLCOO1354)

versus

ZIMBABWE ALLOYS LTD

(Incorporated in the Republic of Zimbabwe

Registration Number 43/50

and

ZIMBABWE ALLOYS CHROME (PVT) LTD

(Incorporated in the Republic of Zimbabwe

Registration Number 3386/09)

and

REGGIE FRANCIS SARUCHERA (Nominee Officio)

and

BULISA MBANO (Nominee Officio)

 

 

HIGH COURT OF ZIMBABWE

CHITAPI J

HARARE, 19 April 2018 & 25 April 2018

 

 

Urgent Chamber Application

 

 

Adv T Mpofu, for the applicant

Adv T Magwaliba, for the respondents

 

 

            CHITAPI J: In this application, the applicant prays for the relief as set out in the provisional order which is couched as follows:

TERMS OF FINAL ORDER SOUGHT

1.      That it be and is hereby declared that the Conditions Precedent set forth in Part 9 of the Scheme of Arrangement have not been complied with.

That it be and is hereby declared that Applicant’s bid cannot be terminated on the basis that was accepted by the members and creditors of the Target Companies upon completion of 

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