CIVIL APPLICATION NO
Applicant met all statutory conditions for stay of execution; timely filing, demonstrated risk of irreparable loss, firm undertaking to furnish security, and attached required documents. Security must be reasonable and court-directed, not arbitrary. Stay granted subject to deposit of bank guarantee for TZS 142,500,000 within sixty days.
Source excerpt
- Stay of execution
- Security for due performance
- Auction sale
- Bonafide purchaser