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SBM Bank v Renish Petrochem [2022] DIFC CA 011 — Fraudulent trade finance and the standard of proof (25 May 2024)
The DIFC Court of Appeal affirms that fraudulent intent in complex trade finance structures can be inferred from the immediate dissipation of funds, reinforcing the civil standard of proof for deceit.
SBM BANK v RENISH PETROCHEM [2022] DIFC CA 011 — Appellate court rejects attempt to impose additional security conditions on appeal (16 December 2022)
The litigation arises from a substantial financial claim involving SBM Bank (Mauritius) Ltd and the respondents, Renish Petrochem FZE and Mr. Hiteshkumar Chinubhai Mehta. Following earlier proceedings, the respondents sought to leverage the appellate process to secure immediate financial…
SBM BANK v RENISH PETROCHEM [2023] DIFC CA 011 — Consent order for costs offset (27 April 2023)
The dispute centered on the reconciliation of two distinct costs liabilities arising from the ongoing appellate proceedings in CA 011/2022. The primary liability originated from a previous Consent Order dated 9 August 2022, under which the Second Appellant, Mr.
SBM BANK v RENISH PETROCHEM [2023] DIFC CA 011 — Procedural stay pending security for costs (06 February 2023)
The dispute centers on the synchronization of procedural deadlines in the Court of Appeal following an order for security for costs. SBM Bank (Mauritius) Ltd, as the Respondent, sought an extension of time to file its Respondent’s Notice and Skeleton Argument.
SBM Bank v Renish Petrochem [2022] DIFC CA 011 — Registrar determines quantum of security for costs (22 December 2022)
The dispute arose from an appeal following a judgment where the Respondent, SBM Bank (Mauritius) Ltd, had successfully alleged fraudulent payment representations against the Appellants, Renish Petrochem FZE and Mr. Hiteshkumar Chinubhai Mehta.
SBM BANK v RENISH PETROCHEM [2022] DIFC CA 011 — procedural streamlining of appellate evidence (14 October 2022)
The litigation involves SBM Bank (Mauritius) Ltd as the Respondent/Claimant and Renish Petrochem FZE along with Mr. Hiteshkumar Chinubhai Mehta as the Appellants/Defendants. The matter reached the Court of Appeal under case number CA 011/2022.