Engen escapes placement on judicial management

A local company's application seeking to place Engen Petroleum Zimbabwe under provisional judicial management recently hit a snag after the High Court dismissed the application for want of prosecution.

High Court judge Justice Garainesu Mawadze granted the order on November 11 this year after the company, Total Solutions, failed to pursue the matter further.

According to the court papers, sometime in August this year, Total Solutions instituted legal proceedings against Engen Petroleum seeking to have the latter placed under provisional judicial management, but the reasons behind the application were not made clear.