emmanuel michael kanyandege another v chrissostom christopher kaijage 2022 tzhccomd 48 25 march 2022

emmanuel michael kanyandege another v chrissostom christopher kaijage 2022 tzhccomd 48 25 march 2022

The court is mandated to record and enforce a lawful settlement agreement reached by the parties, thereby disposing of the suit in accordance with the agreed terms.

Citation
emmanuel michael kanyandege another v chrissostom christopher kaijage 2022 tzhccomd 48 25 march 2022
Parties
Petitioner: Emmanuel Michael Kanyandege; Petitioner: Rehema Issa Chingomanje; Respondent: Chrisostom Christopher Kaijage
Court
TZHCCOMD
Jurisdiction
Tanzania
Judgment Date
25 March 2022
Procedural Posture
Misc Commercial Cause / Consent Judgment After Settlement
Outcome
Petition settled by consent; suit disposed of on agreed terms.
Legal Topics
Unfair Prejudice, Shareholder Disputes, Settlement, Consent Decree
Source Language
English
Company Law Civil Procedure Unfair Prejudice Shareholder Disputes Settlement Consent Decree

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Parties

Emmanuel Michael Kanyandege

Petitioner

Rehema Issa Chingomanje

Petitioner

Chrisostom Christopher Kaijage

Respondent

Procedural Posture

Misc Commercial Cause / Consent Judgment After Settlement

Legal Issues

  1. 1 Whether the respondent's actions were unfairly prejudicial to the petitioners as shareholders
  2. 2 Whether the petitioners are entitled to relief including purchase of shares and compensation

Ratio Decidendi

The court is mandated to record and enforce a lawful settlement agreement reached by the parties, thereby disposing of the suit in accordance with the agreed terms.

Court Disposition

Petition settled by consent; suit disposed of on agreed terms.

Orders

  • Petitioners to give respondent a company asset (printer type colour Laser jet Pro MFP dw) valued at TZS 15,000,000.00 to TZS 17,000,000.00.
  • Petitioners to give respondent MD complete table and chair in the office.