By Mary Taruvinga
CMED (Pvt) Limited will finally recover its US$2, 7 million paid to First Oil Company back in 2013 after High Court judge, Owen Tagu ordered the oil dealer to pay compensation for 3 million litres of diesel which were not delivered.
The two companies have been at each other’s throats over the past eight years with the case having landed some top officials at First Oil company in the dock back in 2014.
Parties had entered into an agreement of supply and delivery of diesel in terms of which First Oil Company, the defendant in this case, was to supply 3 million litres of diesel to the plaintiff, CMED, upon payment.