The judge also directed that the interim liquidator could seek further directions from the court at any time on matters arising from his appointment.
By
Daniel Mjema
Mwandishi mwandamizi
Mwananchi Communications Ltd (MCL)
Dar es Salaam. The High Court’s Commercial Division in Dar es Salaam has appointed lawyer Daniel B. Welwel as interim liquidator of Insurance Group of Tanzania Limited, amid claims that the company owes about Sh12.5 billion.
The liquidator appointed by the High Court to manage the folding of United Insurance was yesterday asked to explain the…
The company’s broader insolvency dispute pits major secured lenders owed in excess of Sh16 billion –though the Official…
The dispute originated in the High Court, Commercial Division, where the respondent had successfully registered, ex parte, a…
The Court of Appeal has overturned a High Court Commercial Division decision ordering Exim Bank (Tanzania) Limited to pay more…
Diageo is selling its 65 percent stake in EABL.
Mr Mwangi allegedly acknowledged the company's indebtedness and agreed to honour the guarantee should the company fail to pay.
