PATRICK EDWARD MOSHI v. COMMERCIAL BANK OF AFRICA (T) LTD, CIVIL APPEAL NO. 376 OF 2019

Abstract

This is an appeal arising from the judgment and decree of the High Court of Tanzania, delivered o in Land Case No. 49 of 2011. The Respondent sued the appellant at the High Court, seeking payment of TZS 1,100,896,328.49, which was due as outstanding credit facilities extended to the appellant’s company, PATCO Enterprises (T) Ltd, along with accrued interest and other charges. The respondent also sought a declaration that the appellant breached credit facility agreements dated 4th October 2007 and 22nd October 2008 and requested an order to realize mortgaged properties offered as security.