UNITED MERCHANT BANK (ZIMBABWE) LTD'S LIQUIDATORS v KATIYO 2002 (2) ZLR 122 (H)
Citation | 2002 (2) ZLR 122 (H) |
Case No | Judgment No. HH-127-02 |
Court | High Court, Harare |
Judge | Ndou J |
Heard | 11 January 2002; 31 July 2002 |
Judgment | 31 July 2002 |
Counsel | W Ncube, for the applicant |
Case Type | Civil trial |
Annotations | No case annotations to date |
Flynote
Insolvency — Insolvency Act [Chapter 6:04] — s 40 —dispositions without value—allowances and discretionary "extra" bonuses made solely at the discretion of the executive Chairman—whether amount to dispositions without value —distinguishing feature of dispositions without value — no obligation on the part of the insolvent to make the disposition
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