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More woes for Jaggers

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The deputy sheriff in Harare has once again been instructed to attach Jaggers property, after the Cecil Muderede-led company failed to settle its debt with Transaction Payment Solutions (TPS).

TPS, a subsidiary of Econet Wireless, took Jaggers to court last year over a $41 857,18 debt.

On December 8 last year, High Court judge Justice Yunus Ormerjee ordered Jaggers to pay TPS the amount due.

According to the judgment handed down by Justice Omerjee, if Jaggers failed to settle its debt TPS would have the right to attach property.

“In the event of the defendant failing to pay the claimed amount that the deputy sheriff be and is hereby ordered to attach property to the value of the amount claimed in the summons,” reads the judgment.

According to the writ of execution issued on January 21, the deputy sheriff was instructed to attach any movable goods worth more than $40 000 from the wholesale chain.

“You are required and directed to attach and take into execution the movable goods of Jaggers Wholesalers,” reads part of the writ.

Last month, Ruby Auctions sold Jaggers Wholesalers’ stock to clear a $443 795 debt that the company owed Delta Beverages.

Delta successfully sued Jaggers Wholesalers (first respondent) and Jaggers Trador (second respondent) and obtained an order to attach the company’s assets at the Jaggers Msasa branch in a case heard by Justice Lavender Makoni in October last year.

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