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ZIMASCO Secures Temporary Relief Against Wilson Manase’s Corporate Rescue Bid
High Court Blocks Lawyer’s Attempt to Assume Control of Ferrochrome Producer
HARARE – The High Court of Zimbabwe has granted ZIMASCO (Pvt) Ltd, one of Zimbabwe’s leading ferrochrome producers, an interdict preventing lawyer Wilson Manase from presenting himself as the company’s corporate rescue practitioner.
Court Ruling and Corporate Identity Dispute
Justice Faith Mushure delivered the ruling following an urgent application by ZIMASCO management, who expressed surprise at Manase’s attempts to assume control based on a court order obtained against SINOSTEEL ZIMASCO (Pvt) Ltd.
ZIMASCO maintains it has no corporate relationship with Sinosteel ZIMASCO (Pvt) Ltd, despite the similar names. Company sources emphasize that ZIMASCO faces no financial distress and that Avim Investments (Pvt) Ltd, a company linked to Shepherd Tundiya, is not among its creditors.
Legal Proceedings and Judicial Complaint
The temporary interdict precedes a return day hearing where ZIMASCO will seek:
- A formal declaration that it is not the same entity as ZIMASCO SINOSTEEL (Pvt) Ltd
- Rescission of the initial court order, which the company claims was never properly served
This development follows ZIMASCO’s formal complaint to the Judicial Service Commission (JSC) against High Court Justice Joel Mambara. The ferrochrome producer alleges “judicial impropriety” in connection with a March 12, 2025 corporate rescue order that targeted ZIMASCO assets.
Allegations of Procedural Irregularities
In a letter from CEO John Musekiwa, ZIMASCO outlined several concerns:
- The initial corporate rescue application wasn’t served to ZIMASCO
- A subsequent chamber application to correct the order was processed within three hours
- Justice Mambara allegedly approved the application without proper citation and service
The company contends these actions suggest judicial complicity in what it describes as a “fraudulent scheme” to unlawfully seize control of its assets.
Ongoing Legal Battle
The case highlights Zimbabwe’s complex corporate legal landscape, particularly regarding:
- Corporate identity disputes
- Judicial processes in corporate rescue cases
- Creditor-debtor relationships in mining sector
Legal experts anticipate further developments as ZIMASCO pursues both the interdict confirmation and its complaint against Justice Mambara.
This report summarizes original content from Nehanda Radio. For complete details, please visit the original article.
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The article now presents the legal dispute in a more organized, reader-friendly format while maintaining all essential information and improving SEO potential through proper structure and keyword integration.