kijenge animal products limited vs dr frederick shadrack ringo and another 2020 tzhc 4352 14 december 2020
Section 250(3)(d) of the Companies Act precludes proceedings against a company under administration without leave, but does not preclude the company itself from instituting proceedings for its own survival or interests. The applicant's application is competent as the statutory moratorium does not apply to proceedings by the company itself against the administrator or creditor.
Source excerpt
- Administration order
- Locus standi
- Leave of court
- Preliminary objection
- Company proceedings