samson mwita maisa and another vs mkombozi commercial bank plc and another 2023 tzhclandd 17103 8 november 2023

samson mwita maisa and another vs mkombozi commercial bank plc and another 2023 tzhclandd 17103 8 november 2023

The parties reached a binding settlement, filed a deed of settlement, and the court recorded it as a consent judgment, making the settlement terms enforceable as a court decree.

Source-derived case information.

Citation
samson mwita maisa and another vs mkombozi commercial bank plc and another 2023 tzhclandd 17103 8 november 2023
Parties
Plaintiff: Samson Mwita Maisa; Plaintiff: Sophia Isaya; Defendant: Mkombozi Commercial Bank PLC; Defendant: Mopeh Company Limited
Court
TANZLII
Jurisdiction
Tanzania
Judgment Date
8 November 2023
Procedural Posture
Land Case / Consent Judgment
Outcome
Suit marked settled by consent judgment.
Legal Topics
Consent Judgment, Settlement, Loan Recovery, Auction Validity
Source Language
en
Civil Procedure Banking Law Land Law Consent Judgment Settlement Loan Recovery Auction Validity

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Parties

Samson Mwita Maisa

Plaintiff

Sophia Isaya

Plaintiff

Mkombozi Commercial Bank PLC

Defendant

Mopeh Company Limited

Defendant

Procedural Posture

Land Case / Consent Judgment

  1. 1 Whether the auction conducted by the second defendant was illegal and void
  2. 2 Entitlement to damages for unlawful sale of property
  3. 3 Settlement of outstanding loan liability

Ratio Decidendi

The parties reached a binding settlement, filed a deed of settlement, and the court recorded it as a consent judgment, making the settlement terms enforceable as a court decree.

Court Disposition

Suit marked settled by consent judgment.

Orders

  • Plaintiffs to pay Tshs. 315,747,019 as full settlement of outstanding liability.
  • Payment to be made over 10 years: first 5 years at Tshs. 300,000 monthly, next 5 years at Tshs. 2,500,000 monthly.