Bindura University of Science Education v Tetrad Investment Bank Limited (Under Provisional Judicial Management) and The Sheriff of Zimbabwe (N.O)

HH 319-17

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Case Details

Court

Harare High Court

Date

24 May 2017

Citation

HH 319-17

Neutral Citation

[2017] ZWHH 319

Outcome

unknown

Case Type

Application

Bench

Presiding

ZHOU J

Full Bench

ZHOU J

Areas of Law

Company LawBanking LawCivil Procedure

Keywords

judicial managementwrit of executionbanking institutionmoratoriuminvestment

Key Issues

{"issue_text":"Whether the court should grant leave to execute a writ against a company under judicial management","issue_type":"mixed","dispositive":"yes","related_facts":"Applicant has judgment debt; respondent under judicial management; execution stayed by court order"}

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background

Facts of the Case

Background

Bindura University of Science Education obtained a judgment against Tetrad Investment Bank for US$473,025.52 in April 2014. After attempts to execute the judgment were frustrated by the bank's legal maneuvers, the bank was placed under provisional judicial management in January 2015, which stayed all execution processes. The university applied for leave to proceed with execution of its writ despite the judicial management order.

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