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Tanzania decisions
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The High Court held that the mortgage share transfer form was forged, making the seizure and sale of the plaintiff’s shares null and void.
The High Court dismissed Michael Ngareku Shirima’s suit and allowed ABC Bank’s counterclaim, holding the TBL shares secured Rombo Millers’ loans and remained enforceable.
The High Court’s Commercial Division dismissed a jurisdictional objection, holding the dispute over mortgaged shares and related bank letters was commercial and within its jurisdiction.
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