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Tanzania decisions
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The High Court granted the liquidator six more months to complete winding up of Access Medical & Dialysis Centre Ltd, finding reasonable grounds for delay.
The High Court dismissed a winding up petition for non-compliance with statutory requirements, including lack of a special resolution, notice in the Gazette, and appointment of a liquidator.
The High Court ordered winding up of Vasso Agroventures Limited after finding unpaid debts, liabilities exceeding assets, and a serious deadlock between the only two directors.
The respondent's failure to pay the uncontested debt after statutory notice, and the sufficiency of advertisement in a widely circulated newspaper, justify the winding up order under Sections 280 and 281 of the Companies Act.
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The respondent company is unable to pay its debts, has ceased operations, and all procedural requirements for winding-up have been met; therefore, the court grants the winding-up order.
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The breakdown in communication and management among directors, abandonment of company affairs, and failure to comply with statutory obligations make it just and equitable to wind up Azure Boutique Resort Limited under section 279(1)(e) of the Companies Act.
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The court granted the winding up petition based on the voluntary resolution of the members, inability to carry on business, and compliance with statutory requirements.
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The High Court granted a winding-up petition for Sibatanza Limited after finding the members had passed a special resolution to wind up the company.
The petitioner demonstrated that NTS-Mart Tanzania Limited ceased operations, is financially incapable, and the co-shareholder is disinterested. Statutory conditions for winding up are met. However, no liquidator was proposed, so winding up is ordered to take effect upon appointment of a liquidator.
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The High Court ordered Maasai Experience Company Limited wound up after finding the directors’ relationship had irretrievably broken down and the company could no longer function.
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