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Tanzania decisions
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Mortgaged properties cannot be accepted as security for stay of execution without a current valuation report proving their value exceeds the decreed amount; applicants must furnish security as directed by the court, either by bank guarantee or title deed of equivalent value.
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A mortgaged or encumbered property cannot be used as security for the due performance of a decree in an application for stay of execution; the applicant must provide a different form of security, such as a bank guarantee, for the decretal sum.
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Appellant failed to prove existence of a valid contract and failed to substantiate claim for repayment of TZS. 70,000,000.00 on balance of probabilities; evidence did not support the pleaded case.
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