NECTA Examination Results: Standard Seven pass rate rises to 85.22 percent

Of business rescue and role of receivers in Tanzania—19

What you need to know:

  • And regardless of the macroeconomic landscape in Tanzania, if the company fails to honour the terms of the loan or experiences financial difficulties, the bank with the security of a debenture (floating charge) over the whole or substantially the whole of the company’s assets may find it necessary to appoint an administrative receiver.

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