Tanzania Case Law

NATIONAL BANK OF COMMERCE VS MONGATEKO MAKONGORO MONGATEKO

Court

TANZLII

The suit was filed prematurely as both the plaintiff's claim for loan repayment and the defendant's set-off are contingent on the outcome of a pending appeal before the Court of Appeal. Granting reliefs at this stage would contravene principles of natural justice and equality before the law.

Source excerpt

• Loan default
• Set-off
• Premature filing
• Conversion of staff loan to commercial loan
• Termination of employment
• Interest and penalties

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eco bank tanzania vs pristine properties limited and 3 others 2021 tzhccomd 2058 19 april 2021

Court

TZHCCOMD

The High Court found the defendants breached a loan facility and ordered them to pay the outstanding sums, interest, penalties, and costs, with mortgage auction on default.

• Loan default
• Breach of contract
• Guarantee enforcement
• Mortgage foreclosure
• Interest and penalties
• Loan-default

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