zaidi baraka vs exim bank t ltd 2020 tzca 1813 9 october 2020
The claim for TZS 200,000,000.00 was time barred as the cause of action accrued on 24/4/2001 and the suit was filed after the 6-year limitation period; the USD 600,000.00 facility was fully serviced by the appellants and not outstanding; the trial court erred in awarding the respondent the full claimed amount and interest.
Source excerpt
- Limitation of actions
- Loan agreements
- Guarantees
- Burden of proof
- Currency conversion
- Continuing breach