Tendai Kamhungira 18 June 2018
HARARE – MDC has filed papers challenging a $286k lawsuit filed by a local
firm which claims to have advanced the amount to the party as part of a
loan agreement entered between the parties in 2016.
According to court papers, Ishline Investments (Private) Limited is the
applicant, while the MDC is cited as the respondent.
“Be pleased to take notice that on the 7th day of June 2018 and at
10:05hrs, the defendant herein entered appearance to defend this matter,”
the MDC said in an appearance to defend notice.
The court papers were filed after MDC reportedly failed to pay back the
“Sometime in 2016, defendant (MDC) borrowed money amounting to $331 800
from the plaintiff (Ishline Investments (Private) Limited) and undertook
to repay the debt that same year.
“Having made some part payment of the debt, the sum of $286 000 remained
due and owing to the plaintiff…,” the court was told.
The High Court is yet to set down the matter for hearing. – Deputy Chief