Vedanta Resources Holdings has appealed to the Court of Appeal, against the Lusaka High Court’s refusal to stay the winding-up proceedings and refer parties to arbitration.

It has further asked the Lusaka High Court to stay the Winding-up proceedings pending determination of its appeal.

According to a Memorandum of appeal filed in the Court of Appeal, Vedanta has argued that justice Banda-Bobo erred in law and fact after finding that there was in fact a dispute between Vedanta and ZCCM-IH which is the subject of an arbitration agreement.

Vedanta has further argued that the justice erred in law and fact when she held that Vedanta as contributor could not make the application to stay and refer parties to arbitration.

It has also argued that Justice Banda-Bobo erred in law and fact when she concluded that KCM was a separate entity from Vedanta and that only KCM could defend itself in the winding-up proceedings.