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Tanzania decisions
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The respondent's failure to pay the uncontested debt after statutory notice, and the sufficiency of advertisement in a widely circulated newspaper, justify the winding up order under Sections 280 and 281 of the Companies Act.
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The petition was dismissed for lack of locus standi because the special resolution authorizing the winding up was passed by directors, not by members, and the petition was presented in the name of the company rather than by the directors in their own names as required by law.
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The court adopted the parties' settlement deed as a decree, marking the matter as settled, ordering payment and transfer of assets as agreed, and declaring the petitioner ceased to be a shareholder and director upon filing the deed.
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A company winding-up petition was settled by consent. The court recorded the deed of settlement and made it part of the decree.
The High Court granted a winding-up petition for Sibatanza Limited after finding the members had passed a special resolution to wind up the company.
The petitioner demonstrated that NTS-Mart Tanzania Limited ceased operations, is financially incapable, and the co-shareholder is disinterested. Statutory conditions for winding up are met. However, no liquidator was proposed, so winding up is ordered to take effect upon appointment of a liquidator.
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The High Court’s Commercial Division granted a liquidator’s request to disclaim an unsaleable mining licence and ordered Tan Crush (T) Ltd dissolved after winding up.
The High Court of Tanzania ordered the winding up of Shangtan Power Generation Company Limited for inability to pay debts and appointed an official liquidator.
The High Court of Tanzania recorded a Deed of Settlement and marked a winding-up petition as settled by consent, with a decree to follow the settlement terms.
The High Court in Arusha wound up Tanzaniteone Mining Limited for inability to pay a judgment debt and appointed a liquidator after the company failed to appear.
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