ZCCM-IH Further Cautionary Announcement KCM

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ZCCM-IH Further Cautionary Announcement KCM

Published Date: 9th April 2021 File Size: 173.71 KB

Shareholders are informed that the High Court of Zambia ruled against Vedanta on 7 August 2019. On 13 August 2019 Vedanta appealed to the Court of Appeal of Zambia against the decision of the High Court of Zambia which denied them their application to stay the liquidation proceedings and refer the matter to arbitration. The Court of Appeal on 20 November 2020 ruled in favour of Vedanta and stayed the liquidation proceedings and referred the matter to arbitration.