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Tanzania Case Law

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Contract law i m bank t ltd vs bharat kumar karsandas ruparelia three others 2022 tzhccomd 373 23 november 2022

i m bank t ltd vs bharat kumar karsandas ruparelia three others 2022 tzhccomd 373 23 november 2022

Court
TZHCCOMD

The execution of the term loan facility between the Plaintiff and the 3rd Defendant constituted a novation, extinguishing the original overdraft facility and discharging the 1st Defendant from liability. The Plaintiff's claim against the 1st Defendant was not justified as the original facility ceased to exist upon novation and settlement with the 3rd Defendant.

Source excerpt

  • Novation
  • Overdraft facility
  • Term loan
  • Guarantor liability
  • Discharge of contract
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Banking law kenya comm bank t ltd vs petromark africa ltd 5 others 2011 tzhccomd 2092 19 september 2011

kenya comm bank t ltd vs petromark africa ltd 5 others 2011 tzhccomd 2092 19 september 2011

Court
TZHCCOMD

High Court commercial claim over overdraft and term loan facilities secured by mortgages and guarantees. The court found the defendants liable and awarded judgment to the bank.

  • Loan default
  • Overdraft facility
  • Term loan
  • Guarantee enforcement
  • Mortgage enforcement
  • Directors' guarantees
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About this LexChat collection

Tanzania decisions are organised by court, judge, legal area and indexed issue so a practitioner can move from a proposition to a citable authority with the surrounding context intact.

Source links and collection timestamps are retained alongside the indexed records.