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.