Tanzania Case Law

in the matter of companies act 2002 and in the matter of wilex auto trading ltd 2023 tzhccomd 251 31 july 2023

Court

TZHCCOMD

The petitioner has satisfied all statutory and procedural requirements for winding up under the Companies Act and Companies (Insolvency) Rules, including inability to pay debts, cessation of business, and proper advertisement of the petition. The grounds are sufficient to warrant a winding up order.

Source excerpt

• Voluntary winding up
• Company unable to pay debts
• Appointment of official receiver

Read case analysis

shangtan co ltd v generation co ltd 2022 tzhccomd 241 21 april 2022

Court

TZHCCOMD

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.

• Winding up of company
• Appointment of liquidator
• Company unable to pay debts
• Winding-up
• Official-liquidator
• Company-unable-to-pay-debts

Read case analysis

20201124 TZHC Dar es Salaam

Court

TZHC

The High Court granted a winding-up petition against GEMA Security Services Limited for inability to pay debts and appointed Nicodemus Mathew Mbuga as liquidator.

• Winding up of company
• Appointment of liquidator
• Company unable to pay debts
• Company-law
• Winding-up
• Liquidation

Read case analysis

IN THE MATTER OF COMPANIES ACT AND IN THE MATTER OF PETITION FOR ADMINSTRATION ORDER BY THE CO

Court

TANZLII

The company demonstrated inability to pay its debts and a management deadlock, and no objection was raised to administration. It is not just and equitable to wind up the company; administration is appropriate to salvage the business.

Source excerpt

• Administration order
• Appointment of administrator
• Company unable to pay debts
• Deadlock in management
• Just and equitable ground

Read case analysis