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RESERVE BANK OF ZIMBABWE v ROYAL BANK OF ZIMBABWE LTD & ANOR 2014 (2) ZLR 716 (H)

2014 (2) ZLR p716

Citation

2014 (2) ZLR 716 (H)

Case No

Judgment No. HH-639-14

Court

High Court, Harare

Judge

Zhou J

Heard

17 December 2013; CAV

Judgment

19 November 2014

Counsel

S J Chihambakwe, for the applicant
F Girach, with him A Mambosasa, for the first respondent
No appearance for the second respondent

Case Type

Opposed application

Annotations

No case annotations to date

Flynote

Company – winding up – by court – grounds – inability to pay its debts – what must be shown – "just and equitable" – broad nature of such ground – disappearance of substratum of company as ground for winding up – meaning of "substratum" in relation to a company – company established as a bank – banking licence surrendered – substratum thereby disappearing – bank – role in economy of country – effect of failure of bank

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