Shalom Bus Service Sued

Shalom Bus Service Sued

HIGER Bus Company Limited has sued Shalom Bus Services Limited for payment of US$235, 000 from the purchase of five motor vehicles.

The buses were sold at K700, 000 on Credit Sale Agreement signed on 4th June 2014 made between the companies.

Higer Bus Company Limited and Higer Bus Zambia Limited have petitioned the Lusaka High court seeking an order for possession and delivery of the vehicles and the four buses pledged as collateral by Shalom Bus Services Limited.

The plaintiffs are seeking an order for the sale of the vehicles and buses with interest at 25 percent per anum in accordance with the agreement and interest at the current lending rate as determined by the Bank of Zambia from the date of judgment until the date of payment.