News / National
Tsholotsho investment company wins $37 000 law suit
26 Oct 2016 at 08:02hrs | Views
The Bulawayo High Court has ordered the Extra-Rich Mining PVT Limited Company to pay the Tsholotsho Investment PVT Limited company the sum of $37 000 which the company failed to settle following in agreement of sale of a stamp mill entered into on September 1 2015 between the two parties.
Bulawayo High Court Judge Justice Nicholas Mathonsi ordered that the Extra-Rich Mining settle the amount.
In its application, Tsholotsho Investments and the Extra-Rich Mining Company entered into an agreement of sale for a brand new stamp mill. The purchase price was $40 000 and $20 000 was supposed to be paid on September 1 2016 and the balance to be settled on September 30 2015.
The company said the respondent failed to comply with the agreement leading to the court case.
Bulawayo High Court Judge Justice Nicholas Mathonsi ordered that the Extra-Rich Mining settle the amount.
In its application, Tsholotsho Investments and the Extra-Rich Mining Company entered into an agreement of sale for a brand new stamp mill. The purchase price was $40 000 and $20 000 was supposed to be paid on September 1 2016 and the balance to be settled on September 30 2015.
The company said the respondent failed to comply with the agreement leading to the court case.
Source - Byo24News
