Dar es Salaam. The High Court, Commercial Division in Dar es Salaam, has dismissed an application by ZH Poppe Limited and the administrators of the estate of the late businessman Zacharia Hans Poppe seeking to temporarily stop Tanzania Commercial Bank (TCB) from auctioning assets pledged as security for a loan exceeding Sh7.4 billion.
The application, filed under case number 11792/2026, was brought by administrators of the deceased’s estate, Ms Angel Zacharia and Mr Abel Zacharia, together with ZH Poppe Limited, against TCB, the Attorney General, and the Solicitor General.
In its ruling delivered on Monday, June 15, 2026, Judge Arnold Kirekiano held that the applicants had failed to meet the legal threshold required for the grant of a temporary injunction restraining the bank from enforcing its security rights.
The application was dismissed with costs, clearing the way for TCB to proceed with recovery measures.
Background to the dispute
