Saafa Plastic Ltd winding up

Saafa Plastic Ltd winding up

The petitioner, by special resolution and uncontested petition, has advanced sufficient grounds for winding up under section 279(1)(a) of the Companies Act. The court is satisfied and grants the winding up and appointment of the proposed liquidator under section 294.

Citation
Saafa Plastic Ltd winding up
Parties
Petitioner: Saafa Plastics Limited
Court
TANZLII
Jurisdiction
Tanzania
Judgment Date
27 January 1999
Procedural Posture
Winding Up Petition / Final Ruling
Outcome
petition allowed
Legal Topics
Winding Up, Appointment of Liquidator, Voluntary Resolution
Source Language
English

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Parties

Saafa Plastics Limited

Petitioner

Procedural Posture

Winding Up Petition / Final Ruling

  1. 1 Whether sufficient grounds exist for winding up the petitioner company
  2. 2 Whether the appointment of the proposed liquidator is appropriate

Ratio Decidendi

The petitioner, by special resolution and uncontested petition, has advanced sufficient grounds for winding up under section 279(1)(a) of the Companies Act. The court is satisfied and grants the winding up and appointment of the proposed liquidator under section 294.

Court Disposition

petition allowed

Orders

  • Saafa Plastics Limited is hereby wound up
  • Advocate Claudio Msando (Roll No. 8482) appointed as official liquidator for three months, subject to court control