ANNIE TEXTILE COMPANY T LTD MISC
The petitioner is unable to pay its debts as proven by audited financial reports and failure to meet tax obligations, satisfying Section 280(c) of the Companies Act.
- Citation
- ANNIE TEXTILE COMPANY T LTD MISC
- Parties
- Petitioner: Annie Textile Company (Tanzania) Limited
- Court
- TANZLII
- Jurisdiction
- Tanzania
- Judgment Date
- 1 January 2018
- Procedural Posture
- Winding Up Petition / Ruling on Application
- Outcome
- petition granted
- Legal Topics
- Winding Up, Insolvency
- Source Language
- English
Case Brief
Summary, issues, holding and outcome
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Parties
Annie Textile Company (Tanzania) Limited
Petitioner
Procedural Posture
Winding Up Petition / Ruling on Application
Legal Issues
- 1 whether Annie Textile Company (Tanzania) Limited should be wound up due to inability to pay debts
Ratio Decidendi
The petitioner is unable to pay its debts as proven by audited financial reports and failure to meet tax obligations, satisfying Section 280(c) of the Companies Act.
Court Disposition
petition granted
Orders
- petitioner be wound up
- Happiness Samweli Munuo appointed official receiver and liquidator
Full Case Text
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