The Supreme Court of Appeal has granted Press Corporation Plc (PCL) an interim stay of execution against an order of the Industrial Relations Court (IRC) which ordered PCL to pay its three former executives sum of K14.1billion for unfair dismissal.
The IRC had ordered PCL to immediately pay 70 percent of the total amount but the conglomerate challenged the IRC order through an appealed at the high court against the ordered citing the risk of irreparable harm to the business.
On Monday 11th August, high court judge Jack N’riva ruled against PCL’s wish and ordered the company to immediately pay Benard Ndau, Elizabeth Mafeni and Dr George Partridge 75 percent of the K14.1 billion.
Hours later, PCL again filed an application for a stay against the execution of the order and deputy chief jus