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28 May 2008

Commercial law 20080528 TZHC Dar es Salaam

20080528 TZHC Dar es Salaam

Court: TZHC

The requirements of the Bankruptcy Act and its rules regarding proof of debt by affidavit do not apply to specified public corporations that are not undergoing liquidation but are being restructured or privatized. The Companies (Winding up) Rules, 1929 are only applicable during liquidation. The preliminary objections raised by the 2nd defendant lack merit and are dismissed.

Source excerpt

Jurisdiction
Preliminary objection
Bankruptcy act
Companies act
Official receiver
Liquidation

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28 May 2008

Commercial law tropical commodities ltd vs cashew nut board of tanzania another 2008 tzhc 285 28 may 2008

tropical commodities ltd vs cashew nut board of tanzania another 2008 tzhc 285 28 may 2008

Court: TZHC

The requirements of the Bankruptcy Act and its rules regarding proof of debts by affidavit do not apply to specified public corporations that are not undergoing liquidation but are being restructured or privatized. The Companies Act and its winding up rules only apply when the corporation is in liquidation, not during privatization. Therefore, the preliminary objections raised by the 2nd defendant lack merit.

Source excerpt

Jurisdiction
Preliminary objection
Bankruptcy act
Companies act
Official receiver
Liquidation

Read case analysis

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20080528 TZHC Dar es Salaam

tropical commodities ltd vs cashew nut board of tanzania another 2008 tzhc 285 28 may 2008