GM CROSS AFRICA LIMITED VERSUS FIRST NATIONAL BANK TANZANIA LIMITED. CIVIL APPLICATION NO. 284/17 OF 2019
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THE COURT OF APPEAL OF TANZANIA
Abstract
The applicant and the 1st respondent had entered into a fiduciary relationship whereby the applicant was availed an overdraft facility of TZS. 500,000,000.00 as working capital. The collateral included a legal mortgage at unspecified sum over a residential property in the name of Valence Simon Lekule over Plot No. 8 Block 25 CT No. 50970 situated at Kariakoo Area in the City of Dar-es-Salaam.