tanzalasa ltd vs tractors ltd 2023 tzhccomd 60 10 march 2023
Petition dismissed due to absence of Board Resolution authorizing the Petition, illegality of loan agreement for unlicensed lending at interest, and failure to prove Respondent's commercial insolvency with current financial evidence.
Source excerpt
- Winding up
- Shareholder loans
- Commercial insolvency
- Board resolution requirement
- Illegality of loan agreements