mattheus de klerk vs cassava stach of tanzania corporation ltd 2020 tzhccomd 53 29 may 2020
The court found sufficient and convincing grounds, supported by resolutions and affidavit evidence, that the company is a going concern facing financial distress and that administration is likely to achieve the statutory objectives of survival and advantageous realization of assets. The statutory requirements for an administration order were met.
Source excerpt
- Administration order
- Company in financial distress
- Appointment of administrator
- Shareholder resolutions