kcb bank t ltd vs vodacom t ltd 2023 tzhccomd 330 11 september 2023

kcb bank t ltd vs vodacom t ltd 2023 tzhccomd 330 11 september 2023

The applicant failed to demonstrate irreparable loss or sufficient cause for stay, and the respondent is financially capable of refunding the applicant if the appeal succeeds. Therefore, there are no valid reasons to stay execution.

Source-derived case information.

Citation
kcb bank t ltd vs vodacom t ltd 2023 tzhccomd 330 11 september 2023
Parties
Applicant: KCB Bank (Tanzania) Limited; Respondent: Vodacom Tanzania Limited
Court
TZHCCOMD
Jurisdiction
Tanzania
Judgment Date
11 September 2023
Procedural Posture
Miscellaneous Commercial Application / Ruling on Application for Stay of Execution
Outcome
Application dismissed with costs
Legal Topics
Stay of Execution, Appeal Process, Execution of Judgment
Source Language
en
Civil Procedure Commercial Law Stay of Execution Appeal Process Execution of Judgment

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Parties

KCB Bank (Tanzania) Limited

Applicant

Vodacom Tanzania Limited

Respondent

Procedural Posture

Miscellaneous Commercial Application / Ruling on Application for Stay of Execution

  1. 1 Whether it is just and equitable to grant a stay of execution pending determination of an application for extension of time to file notice of appeal

Ratio Decidendi

The applicant failed to demonstrate irreparable loss or sufficient cause for stay, and the respondent is financially capable of refunding the applicant if the appeal succeeds. Therefore, there are no valid reasons to stay execution.

Court Disposition

Application dismissed with costs

Orders

  • Application for stay of execution is dismissed with costs