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Tanzania decisions
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Petitioner lacked capacity as administrator's tenure had expired; failed to substantiate grounds for winding up, including inability to pay debts; company has potential for revival and winding up would not be just and equitable. Petition dismissed.
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Winding-up petition dismissed after the court found no genuine grounds and held the petitioner lacked clean hands in seeking equitable relief.
Irreconcilable disputes between the only shareholders/directors have gridlocked company operations, failed all reasonable rescue efforts, and left no viable alternative remedy, justifying winding up on just and equitable grounds and appointment of a competent liquidator.
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