COMM BANK OF AFRICA T LTD VS NAM ENTRPRISED LTD COMM CASE NO

COMM BANK OF AFRICA T LTD VS NAM ENTRPRISED LTD COMM CASE NO

The defendants' failure to obtain leave to defend entitles the plaintiff to summary judgment for the amounts and interest claimed, as per the Civil Procedure Code and relevant case law.

Source-derived case information.

Citation
COMM BANK OF AFRICA T LTD VS NAM ENTRPRISED LTD COMM CASE NO
Parties
Plaintiff: Commercial Bank of Africa (Tanzania) Limited; Defendant: NAM Enterprises Limited; Defendant: Elias Lukumay; Defendant: Stephen Korduni Lukumay
Court
TANZLII
Jurisdiction
Tanzania
Judgment Date
1 January 2015
Procedural Posture
Summary Judgment / Final Judgment
Outcome
judgment for the plaintiff
Legal Topics
Summary Judgment, Loan Recovery, Interest Rates, Mortgage Enforcement
Source Language
en
Civil Procedure Banking Law Commercial Law Summary Judgment Loan Recovery Interest Rates Mortgage Enforcement

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Parties

Commercial Bank of Africa (Tanzania) Limited

Plaintiff

NAM Enterprises Limited

Defendant

Elias Lukumay

Defendant

Stephen Korduni Lukumay

Defendant

Procedural Posture

Summary Judgment / Final Judgment

  1. 1 Whether the plaintiff is entitled to summary judgment for the outstanding loan amounts and interest as claimed
  2. 2 Whether the defendants are liable jointly and severally for the amounts claimed

Ratio Decidendi

The defendants' failure to obtain leave to defend entitles the plaintiff to summary judgment for the amounts and interest claimed, as per the Civil Procedure Code and relevant case law.

Court Disposition

judgment for the plaintiff

Orders

  • Defendants to pay plaintiff Tshs. 89,987,317.34 and USD 373,594.99 jointly and severally
  • Defendants to pay interest at 23% per annum on the TZS amount and 9% per annum on the USD amount from April 24, 2015 to the date of judgment