Tanzania: Firm Seeks to Attach ATCL Building Over Sh1.2 Billion Debt

A TOUR operating company, Leisure Tours and Holidays Limited, has applied for attachment and sale of an Air Tanzania Company Limited (ATCL) building to recover 716,259.52 US dollars (about 1.2bn/-) debt that has been accruing since 2008.

But, in an order issued by the High Court's Commercial Division on February 11, this year, Judge Robert Makaramba directed the decree holder (Tour operator) to conduct an evaluation of the building situated along Ohio Street in the City Centre of Dar es Salaam, before issuing the order sought.

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