cfi 018/2021

CANARA BANK v DR BAVAGUTHU RAGHURAM SHETTY [2021] DIFC CFI 018 — Default judgment for USD 24.4 million (05 August 2021)

The lawsuit concerns a substantial debt recovery claim brought by Canara Bank (DIFC Branch) against Dr Bavaguthu Raghuram Shetty. The claimant sought to recover a total sum of USD 24,406,037.41, which represents a combination of the principal amount outstanding as of January 2021 and accrued…