AUSTACK ALPHONCE MUSHI VS. BANK OF AFRICA TANZANIA LTD AND ANOTHER CIVIL APPEAL NO.373 OF 2020

Abstract

In the High Court of Tanzania at Mbeya, Austack Alphonce Mushi (''the appellant"), sued Bank of Africa Tanzania Ltd. and Mabunda Auction Mart Co. Ltd.("the first and second respondents" respectively) for breach of a loan agreement under which Masaleni Linner Company Ltd.("MLCL"),of which the appellant was a shareholder and a director, was advanced overdraft and term loan facilities. The said facilities were secured by a mortgage over the appellant's landed properties.