PRISCILLA CHIPULU, Lusaka
THE Lusaka High Court has declared the Post Newspapers Limited (in liquidation) insolvent.
In a consent judgment signed yesterday, High Court Judge Sunday Nkonde declared the newspaper insolvent because its liabilities far exceed the value of its assets.
Judge Nkonde stated that the liquidated newspaper is unable to pay its debts as they fall due with no reasonable prospects of the properties being rescued or rehabilitated.
Meanwhile, Judge Nkonde has confirmed provisional liquidator Lewis Mosho as liquidator of The Post Newspapers Limited.http://epaper.daily-mail.co.zm/