dsv air and sea limited 2021 tzhccomd 3426 25 june 2021

The petitioner demonstrated inability to pay debts and complied with statutory requirements; no objections were raised, justifying winding up and appointment of a liquidator.

Citation: dsv air and sea limited 2021 tzhccomd 3426 25 june 2021
Parties: Petitioner: DSV AIR AND SEA LIMITED
Court: TZHCCOMD
Jurisdiction: Tanzania
Judgment Date: 25 June 2021
Procedural Posture: Winding Up Petition / Final Ruling
Outcome: petition granted
Legal Topics: Winding Up, Liquidation, Appointment of Liquidator
Source Language: English

Company Law Insolvency Winding Up Liquidation Appointment of Liquidator

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Parties

DSV AIR AND SEA LIMITED

Petitioner

Procedural Posture

Winding Up Petition / Final Ruling

Legal Issues

1 whether DSV AIR AND SEA LIMITED should be wound up under the Companies Act
2 whether an official liquidator should be appointed
3 whether the assets should be realized to pay debts

Ratio Decidendi

The petitioner demonstrated inability to pay debts and complied with statutory requirements; no objections were raised, justifying winding up and appointment of a liquidator.

Court Disposition

petition granted

Orders

DSV AIR AND SEA LIMITED is wound up under sections 279(1)(d) and (e) and 281 of the Companies Act, 2002
Mr. Ayoub Mtafya appointed as official liquidator for six months with powers under sections 299-306 of the Companies Act, 2002