Tenders Are Invited For Sale Of Hotel Beach Villa Along Paje Beach Property Of Paje Beach Resort Limited T/A ... in Tanzania

Work Detail

Sale of Hotel Beach Villa along Paje Beach property of Paje Beach Resort Limited t/a Serenity Villas Advocates, Patent and Trademark Attorneys, Notaries Public and Commissioners of Oaths. 1. Our Client has pending court case against Equity Bank Tanzania Limited (Equity), namely Commercial Case No. 3 of 2020; Misc. Commercial Application No. 06 of 2022 and Misc. Commercial Application No. 07 of 2023 all pending in the High Court of Zanzibar Commercial Division Holden at Tunguu -Zanzibar. 2. In respect of the Commercial Case No. 3 of 2020 the Honourable High Court issued an ex parte order barring Equity from disposing the Property pending determination of the dispute between the parties coupled with an undertaking by Equity s advocates of channeling all actions through the Court. 3. In the pending Misc. Commercial Application No. 07 of 2023 our Client seeks similar reliefs of maintenance of status quo pending determination of the dispute between the parties. 4. Our client has learnt with great concern a public notice issued by ACCURATE RECOVERY & AUCTIONS LIMITED in the Guardian Newspaper of 1 January 2024 giving 14 days notice of sale of the Property and invitation of sealed bids. 5. The public is hereby informed that the Property is subject of court litigation and, as such, the purported loan by Equity and alleged default is a contentious matter. In law and equity, the Property is not ripe for sale. 6. The public is enjoined to desist from taking part in the impugned sale of the Property since it constitutes a wrongful interference with the due process of law and demeans the sanctity of the Court proceedings. Tender Link : https://tenders.ajirazetu.tz/advocates-patent-and-trademark-attorneys-notaries-public-and-commissioners-of-oaths/

Contact Information