crdb bank plc vs multimodal transport africa ltd 2 others 2022 tzhccomd 20 25 february 2022
The court is satisfied that the Deed of Settlement lawfully compromises the suit and must be recorded as judgment and decree.
- Citation
- crdb bank plc vs multimodal transport africa ltd 2 others 2022 tzhccomd 20 25 february 2022
- Parties
- Plaintiff: CRDB Bank PLC; Defendant: Multimodal Transport Africa Ltd; Defendant: Syed Nazre Abbas Rizvi; Defendant: Meiya Abbas Riviz
- Court
- TZHCCOMD
- Jurisdiction
- Tanzania
- Judgment Date
- 25 February 2022
- Procedural Posture
- Commercial / Consent Judgment
- Outcome
- suit settled by consent
- Legal Topics
- Consent Judgment, Settlement, Debt Recovery
- Source Language
- English
Case Brief
Summary, issues, holding and outcome
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Parties
CRDB Bank PLC
Plaintiff
Multimodal Transport Africa Ltd
Defendant
Syed Nazre Abbas Rizvi
Defendant
Meiya Abbas Riviz
Defendant
Procedural Posture
Commercial / Consent Judgment
Legal Issues
- 1 Whether the Deed of Settlement lawfully compromises the suit
- 2 Whether the court should record the settlement as judgment and decree
Ratio Decidendi
The court is satisfied that the Deed of Settlement lawfully compromises the suit and must be recorded as judgment and decree.
Court Disposition
suit settled by consent
Orders
- Deed of Settlement recorded as judgment and decree
- Suit marked settled on terms and conditions set out in the Deed of Settlement
Full Case Text
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