Masters Security Takes On MTL
Masters Security has paralyzed operations at MTL.
A statement from management made available to Zodiak Online, indicates that Masters Security has garnished bank accounts of the telecommunications company.
The statement further says that an arbitration process ended in favor of Masters Security subjecting all movable assets to impoundment.
Zodiak Online understands that sheriffs went to impound vehicles at MTL headquarters in Blantyre on Tuesday.
Supreme court and high court registrar, Gladys Gondwe, says the sheriffs acted on an enforcement order issued by High Court Commercial Division in Lilongwe in the matter of Masters Security vs MTL.
Both MTL and Masters Security lawyers are expected to be in court on 3 February, 2021 to argue on an application of a stay order orchestrated by MTL.