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SMM was placed under the Act in 2004 after it had experienced serious viability problems, rendering it incapable of meeting its financial and other obligations.
SMM Holdings and Afaras Gwarazimba were the applicants in the matter before High Court judge Justice David Mangota citing Manyika Sigauke as the respondent.
A 2019 study by the Zimbabwe National Drug Abuse Council found that a staggering one in five young people between the ages of 15 and 24 had used drugs at least once.
Magistrate Munashe Chibanda deferred the matter to May 9 for trial although the State had insisted on going to trial saying the latest application was a delaying tactic.