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Tanzania decisions
Decisions matching the current search
Court of Appeal of Tanzania held that JRT and its guarantor remained liable on a secured loan, but KCBL must account for seized but unsold assets.
Commercial dispute over overdraft repayment, mortgage security, and a counterclaim for refund. The court found a reduced balance payable and dismissed the counterclaim.
The High Court granted I & M Bank leave to sue the borrower and guarantors for an unpaid loan balance, finding sufficient cause despite objections on res judicata.
Judgment against the 1st defendant for breach of the facility agreement and payment of the outstanding loan with interest, as the 1st defendant defaulted. The 2nd and 3rd defendants are not liable as guarantors in the absence of evidence of demand notice to them. The plaintiff is not entitled to enforce the mortgage without proof of statutory notice to the mortgagor.
Source excerpt
The Court of Appeal dismissed a challenge to a summary judgment, holding the appellants should first have sought to set aside the decree rather than appeal on merits.
The Court of Appeal dismissed a challenge to a summary judgment, holding the appellants should have moved to set aside the decree rather than appeal directly.
The High Court granted defendants leave to defend a mortgage-related summary suit after they admitted the loan and alleged partial repayment.
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