First Mutual seeks Meikles liquidation

FIRST Mutual Holdings (FMH) Limited has petitioned the High Court seeking liquidation of the Zimbabwe Stock Exchange (ZSE)-listed Meikles Limited after the latter allegedly failed to settle a five-year old debt of $416 156.

FMH filed the court application sometime in May last year and the matter is set to be heard by High Court judge Justice Nicholas Mathonsi tomorrow.

“… on the ground of being unable to pay its debts, the applicant (FMH) hereby applies for a winding-up order against respondent (Meikles Limited).

This story is for NewsDay subscribers.