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The High Court partly allowed a bank’s claim on an overdraft facility, awarding Tshs. 200 million principal and Tshs. 10 million general damages, but rejecting higher and cheque-based claims.
The High Court allowed a civil appeal over a loan dispute, holding that collateral was sold without notice and that the debt calculation lacked proper evidentiary support.
The court entered consent judgment based on the parties' settlement agreement, amending the outstanding loan amount, authorizing sale of collateral, exonerating the 2nd Defendant, and ordering payment schedule for the 1st Defendant.
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