ROYAL Bank Zimbabwe Limited, which has been placed under liquidation, has indicated that it will lodge an application with the High Court for the extension of time for its liquidation. A notice released in the Government Gazette on May 25 did not give reasons why the troubled bank was seeking this action. But another closed financial institution, Tetrad Investment Bank, had its judicial management extended by the High Court, according to the same Government Gazette. Royal Bank was closed in July 2012 and placed under provisional liquidation in 2013. Judgment to place the bank under final liquidation was reserved in December 2013 and final judgment to place the bank under final liquidation was issued in November 2014. Tetrad shareholders applied…