bank of africa tanzania ltd vs safe line travels ltd seven others 2023 tzhccomd 21 10 february 2023
The plaintiffs' properties were not properly mortgaged to secure the 2017 facility as no new mortgage agreements were executed after 2013, and the bank failed to serve default notices or prove valid consents. Plaintiffs' liabilities ended with the 2013 facility, and the bank's continued retention of title deeds was unjustified.
Source excerpt
- Mortgage
- Guarantee
- Loan facility
- Discharge of surety
- Return of title deeds
- General damages