Zalari has raised $2 million USD in a founding round led by Nyamaropa Technologies
Harare High Court
RIOZIM (PVT) LTD v TRUST BANK CORPORATION LTD (IN LIQUIDATION)
HH 534-18
Case Details
Court
Harare High Court
Date
19 September 2018
Citation
HH 534-18
Neutral Citation
[2018] ZWHH 534
Outcome
unknown
Case Type
Application
Bench
Presiding
KWENDA J
Full Bench
KWENDA J
Areas of Law
Banking LawCompany LawCivil Procedure
Keywords
liquidationdefault judgmentinterest ratesnon-disclosureabuse of process
Tags
company liquidationdefault judgmentrescission of judgmentbanking
legislation
Statutes Cited
- Companies Act [Chapter 24:03]
- Banking Act
ai analysis
Case Summary
Key Issues
- {"issue_text":"Whether leave should be granted to institute proceedings against a company in liquidation to correct a default judgment","issue_type":"procedural","dispositive":"yes","related_facts":"Respondent in liquidation; previous failed attempts; alleged non-disclosure of payments"}
- {"issue_text":"Whether the applicant has prospects of success in the intended application","issue_type":"mixed","dispositive":"yes","related_facts":"Alleged payments after judgment; dispute over amount owing"}
This summary was generated by AI. Use Zalari to read the full judgment.
background
Facts of the Case
Background
The applicant sought leave to institute proceedings against the respondent (in liquidation) to correct a default judgment of $1,824,505.05 entered on 12 March 2014, claiming the respondent failed to disclose payments made after summons were issued, reducing the debt to around $500,000.
Read the full judgment, get AI analysis, and find related cases
Open in Zalari →
Legal Intelligence
for Africa.
for Africa.
Zalari is Zimbabwe and Southern Africa's leading AI-powered legal research platform, built by DeepCounsel and powered by Nyamaropa Technologies. Search Zimbabwe Supreme Court and High Court case law instantly, get AI-generated answers with full source citations, and access the most comprehensive corpus of Zimbabwean and Southern African jurisprudence available online. Zalari is the go-to legal AI platform for attorneys, advocates, law students, judges, and corporate counsel across Zimbabwe and South Africa — delivering faster research, smarter insights, and a competitive edge in legal practice. Zalari does not provide legal advice. Always consult a qualified legal practitioner for advice specific to your situation. © 2026 DeepCounsel — a legal technology company democratising access to legal knowledge in Africa.