ayoub mtafya liquidator 2022 tzhccomd 290 16 september 2022

ayoub mtafya liquidator 2022 tzhccomd 290 16 september 2022

Since the only remaining property of Tan Crush (T) Ltd is neither saleable nor transferrable, and all affairs have been wound up, the court finds cogent reasons to grant the orders sought for disclaimer and dissolution.

Citation
ayoub mtafya liquidator 2022 tzhccomd 290 16 september 2022
Parties
Applicant (liquidator): Ayoub Mtafya
Court
TZHCCOMD
Jurisdiction
Tanzania
Judgment Date
16 September 2022
Procedural Posture
Winding Up Petition / Ruling on Application for Disclaimer and Dissolution
Outcome
Application granted
Legal Topics
Winding Up of Company, Disclaimer of Property, Dissolution of Company
Source Language
English
Company Law Insolvency Winding Up of Company Disclaimer of Property Dissolution of Company

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Parties

Ayoub Mtafya

Applicant (liquidator)

Procedural Posture

Winding Up Petition / Ruling on Application for Disclaimer and Dissolution

Legal Issues

  1. 1 Whether the Mining License No. 547/2015 should be disclaimed
  2. 2 Whether Tan Crush (T) Ltd should be dissolved

Ratio Decidendi

Since the only remaining property of Tan Crush (T) Ltd is neither saleable nor transferrable, and all affairs have been wound up, the court finds cogent reasons to grant the orders sought for disclaimer and dissolution.

Court Disposition

Application granted

Orders

  • Order issued disclaiming Mining License No. 547/2015 held by Tan Crush Limited
  • Liquidator directed to surrender the Mining License to the Ministry responsible for Mining within 14 days