Search judgments by proposition, citation, court, judge or legal topic, then move directly into the source-grounded case analysis.
Results update automatically as you type.
Tanzania decisions
Decisions matching the current search
Secured creditors' interests in mortgaged and debentured assets rank first in priority, but in balancing interests, periodic payments from liquidation management funds are ordered to satisfy the labour decree, ensuring equitable relief for both parties.
Source excerpt
The Applicant/Objector's debenture, properly registered and stamped, secures the outstanding credit facilities advanced to the 2nd Respondent. The subsequent facilities constitute a rescheduling of old facilities and do not create new charges requiring separate registration. The Applicant, as a secured creditor, has priority over the attached assets, and execution may proceed only subject to the Applicant's charge. The prayer for perpetual injunction is not available in these proceedings. The Applicant has not established irreparable loss, given the existence of a legal mortgage with value ex…
Source excerpt
Explore more
