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High Court of Zambia
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Commercial Registry - 2025 July
1 judgment
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1 judgment
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July 2025
Precious Chisebuka and 2 Ors v Kaleya Smallholders Company Ltd and 4 Ors (2024/HPC/0855) [2025] ZMHC 53 (23 July 2025)
Application for leave to bring a derivative action dismissed for wrong mode of commencement and failure to show prima facie company interest.
Companies Act s331 - derivative actions - leave to commence – procedural mode: originating summons under High Court Rules Order 6 Rule 1(3) where matter fit for chambers; notice under s331(5) requires service only. Corporate Insolvency Act s66 – liquidation vs possession by central bank; requirement to show prima facie company interest and wrongdoing.
23 July 2025
1
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