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WILLIAM ALLAN JONES v ROBERT ANTHONY JONES [2022] DIFC CFI 043 — Interim freezing order pending jurisdictional challenge (29 June 2022)
The dispute centers on a series of claims brought by William Allan Jones, Coffee Planet LLC, and Coffee Planet Roastery FZE against Robert Anthony Jones. The Applicants allege breaches of agreements regarding property ownership, unpaid loans, and the recovery of company assets, salary advances, and…
PUNJAB NATIONAL BANK v UAE EXCHANGE CENTRE [2023] DIFC CFI 043 — Consent order vacating Case Management Conference (15 September 2023)
The litigation, initiated via a Part 7 Claim Form dated 4 April 2021, involves Punjab National Bank (DIFC Branch) as the Claimant against three Defendants: UAE Exchange Centre LLC, Mr. Bavaguthu Raghuram Shetty, and Mr. Binay Raghuram Shetty.
PUNJAB NATIONAL BANK v UAE EXCHANGE CENTRE [2023] DIFC CFI 043 — Procedural timeline management in complex banking litigation (09 May 2023)
The litigation involves a claim brought by the DIFC branch of Punjab National Bank against UAE Exchange Centre LLC and two individual defendants, Mr. Bavaguthu Raghuram Shetty and Mr. Binay Raghuram Shetty.
PUNJAB NATIONAL BANK v UAE EXCHANGE CENTRE [2023] DIFC CFI 043 — Procedural timeline management in complex multi-party banking litigation (17 April 2023)
The litigation involves a high-stakes banking dispute initiated by the DIFC branch of Punjab National Bank against UAE Exchange Centre LLC and two individual defendants, Mr. Bavaguthu Raghuram Shetty and Mr. Binay Raghuram Shetty.
PUNJAB NATIONAL BANK v UAE EXCHANGE CENTRE [2022] DIFC CFI 043 — Procedural recalibration following the setting aside of default judgment (23 December 2022)
The litigation, initiated by Punjab National Bank (DIFC Branch) against UAE Exchange Centre LLC and individual defendants Bavaguthu Raghuram Shetty and Binay Raghuram Shetty, underwent a formal amendment process in late 2022.
PUNJAB NATIONAL BANK v UAE EXCHANGE CENTRE [2022] DIFC CFI 043 — Procedural extension for evidence in set-aside proceedings (01 November 2022)
The underlying litigation in CFI 043/2021 involves a high-stakes banking dispute between Punjab National Bank (DIFC Branch) and the UAE Exchange Centre LLC, alongside individual defendants Mr. Bavaguthu Raghuram Shetty and Mr. Binay Raghuram Shetty.
PUNJAB NATIONAL BANK, DIFC BRANCH v UAE EXCHANGE CENTRE [2022] DIFC CFI 043 — Default judgment for USD 37 million in facility agreement breach (25 July 2022)
The dispute centers on a breach of a facility agreement involving Punjab National Bank, DIFC Branch as the Claimant and three Respondents: UAE Exchange Centre LLC, Mr. Bavaguthu Raghuram Shetty, and Mr. Binay Raghuram Shetty.
PUNJAB NATIONAL BANK v UAE EXCHANGE CENTRE [2022] DIFC CFI 043 — Strict adherence to RDC 9.3 for electronic service (21 June 2022)
The DIFC Court of First Instance reinforces the mandatory procedural requirements for alternative service, emphasizing that electronic service via email is impermissible absent prior written consent from the respondent.
PUNJAB NATIONAL BANK, DIFC BRANCH v UAE EXCHANGE CENTRE [2022] DIFC CFI 043 — Procedural hurdles in service of process (28 April 2022)
Punjab National Bank, DIFC Branch, initiated proceedings under case number CFI 043/2021 against UAE Exchange Centre LLC and two individual defendants, Mr. Bavaguthu Raghuram Shetty and Mr. Binay Raghuram Shetty.
PUNJAB NATIONAL BANK v UAE EXCHANGE CENTRE [2021] DIFC CFI 043 — extension of time for service of claim form (25 November 2021)
Punjab National Bank, DIFC Branch, initiated proceedings under claim number CFI 043/2021 against UAE Exchange Centre LLC and two individual defendants, Mr. Bavaguthu Raghuram Shetty and Mr. Binay Raghuram Shetty.
PUNJAB NATIONAL BANK, DIFC BRANCH v UAE EXCHANGE CENTRE [2021] DIFC CFI 043 — Service by publication order (09 September 2021)
The litigation involves Punjab National Bank, DIFC Branch, as the Claimant, seeking to pursue claims against UAE Exchange Centre LLC and two individual defendants, Mr. Bavaguthu Raghuram Shetty and Mr. Binay Raghuram Shetty.
BANK OF BARODA v NEOPHARMA [2026] DIFC CFI 043 — Renewed permission to appeal dismissed (22 January 2026)
The litigation centers on a claim brought by the Bank of Baroda (DIFC Branch) against Neopharma LLC, NMC Healthcare LLC, New Medical Centre LLC, and the Fourth Defendant (D4), Bavaguthu Raghuram Shetty.
BANK OF BARODA v NEOPHARMA [2025] DIFC CFI 043 — Wasted costs application against legal representatives and expert witnesses (22 August 2025)
The Bank of Baroda (DIFC Branch) initiated this application following a successful judgment against Mr Bavaguthu Raghuram Shetty for USD 33,248,029.70. Seeking to recover legal expenses incurred after an unsuccessful immediate judgment application on 15 January 2024, the Bank targeted the…
BANK OF BARODA v NEOPHARMA [2025] DIFC CFI 043 — Dismissal of permission to appeal against USD 33.2 million judgment (06 May 2025)
The DIFC Court of First Instance rejects an application for permission to appeal a multi-million dollar guarantee judgment, citing procedural non-compliance and a lack of real prospects of success.
BANK OF BARODA v NEOPHARMA [2025] DIFC CFI 043 — Final assessment of costs following USD 33M judgment (14 January 2025)
The litigation concerned the enforcement of financial obligations, culminating in a judgment in favor of the Bank for USD 33,248,029.70. Following the trial, the Court ordered the Fourth Defendant, Mr. Shetty, to pay the Bank’s legal costs, which were subject to immediate assessment.
BANK OF BARODA v NEOPHARMA [2024] DIFC CFI 043 — Final judgment against B.R. Shetty (25 November 2024)
Chief Justice Wayne Martin enters a multi-million dollar judgment against the Fourth Defendant, Bavaguthu Raghuram Shetty, following the conclusion of trial proceedings in the long-running commercial dispute.
BANK OF BARODA v NEOPHARMA [2024] DIFC CFI 043 — Expert handwriting evidence deadlines (08 November 2024)
The DIFC Court of First Instance imposes a strict timeline for the submission of expert handwriting evidence ahead of the scheduled trial in the long-running dispute between Bank of Baroda and the Neopharma/NMC Healthcare group.
BANK OF BARODA v NEOPHARMA [2024] DIFC CFI 043 — Extension of time for expert handwriting evidence (30 October 2024)
The litigation involves complex allegations of financial liability spanning multiple entities, including Neopharma LLC, NMC Healthcare LLC, New Medical Centre LLC, and Bavaguthu Raghuram Shetty.
BANK OF BARODA v NEOPHARMA [2024] DIFC CFI 043 — Variation of expert evidence timelines (01 October 2024)
The litigation involves a substantial claim brought by the DIFC branch of the Bank of Baroda against Neopharma LLC, NMC Healthcare LLC, New Medical Centre LLC, and Bavaguthu Raghuram Shetty.
BANK OF BARODA v NEO PHARMA [2024] DIFC CFI 043 — Consent order regarding procedural timelines for forgery trial (29 August 2024)
The DIFC Court of First Instance formalizes a procedural timeline for the production of witness evidence in the ongoing dispute concerning the alleged forgery of personal guarantees by Mr. Bavaguthu Raghuram Shetty.
BANK OF BARODA v NEO PHARMA [2023] DIFC CFI 043 — Procedural progression of the Immediate Judgment Application (03 November 2023)
The litigation, which has been ongoing since 2020, involves complex claims brought by the Bank of Baroda (DIFC Branch) against Neo Pharma, NMC Healthcare, New Medical Centre, and Mr. Bavaguthu Raghuram Shetty.
BANK OF BARODA v NEO PHARMA [2023] DIFC CFI 043 — Procedural timeline for immediate judgment (02 October 2023)
The litigation involves a high-stakes banking dispute initiated by the Bank of Baroda (DIFC Branch) against a group of entities and individuals, including NEO Pharma LLC, NMC Healthcare LLC, New Medical Centre LLC, and Mr. Bavaguthu Raghuram Shetty.
BANK OF BARODA v NEOPHARMA [2023] DIFC CFI 043 — Procedural scheduling for immediate judgment (30 August 2023)
The lawsuit concerns a high-stakes commercial banking dispute brought by the Bank of Baroda (DIFC Branch) against a group of entities and individuals, including Neopharma LLC, NMC Healthcare LLC, New Medical Centre LLC, and Bavaguthu Raghuram Shetty.
BANK OF BARODA v NEOPHARMA [2023] DIFC CFI 043 — Consent order adjourning CMC pending immediate judgment application (13 July 2023)
The lawsuit, filed under CFI 043/2020, involves the Bank of Baroda (DIFC Branch) as the Claimant, pursuing claims against a group of entities and individuals, specifically Neopharma LLC, NMC Healthcare LLC, New Medical Centre LLC, and Bavaguthu Raghuram Shetty.