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Tanzania decisions
Decisions matching the current search
The High Court registered the parties’ Deed of Settlement as the judgment and decree and marked the commercial suit settled before full hearing.
The credit facility agreement did not require lump sum disbursement; the Plaintiffs failed to repay the initial drawdown and did not properly request further disbursement, thus were in breach and default notices were valid. No damages or reliefs are available to the Plaintiffs.
Source excerpt
The High Court of Tanzania recorded a consent judgment after the parties executed a Deed of Settlement, settling the commercial dispute in full.
The High Court of Tanzania entered a consent judgment in a bank loan dispute, restructuring the debt, waiving accrued interest, and setting default enforcement terms.
The High Court of Tanzania entered a consent judgment restructuring two loan facilities, waiving accrued interest and setting default procedures under a settlement.
The High Court recorded a deed of settlement in a commercial dispute over a breached credit facility, and marked the matter settled by consent judgment.
The High Court held the defendants jointly and severally liable for unpaid credit facilities, enforcing continuing securities, a debenture, and guarantees.
The High Court upheld Ecobank’s claim for unpaid credit facilities, dismissed the defendants’ counterclaim, and ordered enforcement of mortgage and debenture security.
Default judgment in a commercial banking dispute over an unpaid overdraft facility, with judgment entered against the 1st and 3rd defendants jointly and severally.
The High Court recorded a deed of settlement in a banking dispute and marked the commercial suit settled out of court under Order XXIII Rule 3.
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