19970529 TZHC Dar es Salaam
Petitioners, as shareholders with unpaid dividends, have substantial property in the company, so security for costs is not warranted.
- Citation
- 19970529 TZHC Dar es Salaam
- Parties
- Petitioner: Nurban Amirali Jaffer; Petitioner: Another; Respondent: A. Ahmed Jaffer Ltd; Respondent: Tanzania Fishnets Industries Ltd
- Court
- TZHC
- Jurisdiction
- Tanzania
- Judgment Date
- 29 May 1997
- Procedural Posture
- Application for Security for Costs / Ruling
- Outcome
- application dismissed with costs
- Legal Topics
- Security for Costs, Shareholder Rights
- Source Language
- English
Case Brief
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Parties
Nurban Amirali Jaffer
Petitioner
Another
Petitioner
A. Ahmed Jaffer Ltd
Respondent
Tanzania Fishnets Industries Ltd
Respondent
Procedural Posture
Application for Security for Costs / Ruling
Legal Issues
- 1 Whether security for costs should be ordered against petitioners residing outside Tanzania without substantial property in Tanzania
Ratio Decidendi
Petitioners, as shareholders with unpaid dividends, have substantial property in the company, so security for costs is not warranted.
Court Disposition
application dismissed with costs
Orders
- application for security for costs dismissed
- costs awarded to petitioners
Full Case Text
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