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uae-difc-cases

IDBI BANK v AMIRA C FOODS INTERNATIONAL [2021] DIFC CFI 022 — Determining contractual compound interest liability (16 May 2021)

The dispute arose from the parties' inability to reach a consensus on the precise quantum of interest owed following the Court’s initial judgment, which awarded the Claimant a principal sum of USD 6,421,224.71.

Sushant Shukla· ·5 min read
uae-difc-cases

IDBI BANK v AMIRA C FOODS INTERNATIONAL DMCC [2021] DIFC CFI 022 — Permission to appeal granted (10 March 2021)

The dispute arises from the underlying litigation between IDBI Bank Limited and the Defendants, Amira C Foods International DMCC and Mr. Karan A Chanana. Following a judgment issued on 30 November 2020, the Defendants sought to challenge the court's findings by filing an application for permission…

Sushant Shukla· ·5 min read
uae-difc-cases

IDBI BANK v AMIRA C FOODS INTERNATIONAL DMCC [2021] DIFC CFI 022 — Permission to appeal granted (07 March 2021)

The litigation arises from a dispute between IDBI Bank Limited (the Claimant) and the Defendants, Amira C Foods International DMCC and Mr Karan A Chanana. Following a judgment issued on 30 November 2020, the Defendants sought to challenge the Court's findings by filing an application for permission…

Sushant Shukla· ·5 min read
uae-difc-cases

IDBI BANK v AMIRA C FOODS INTERNATIONAL DMCC [2020] DIFC CFI 022 — Abuse of process and the rule in Henderson v Henderson (30 November 2020)

The dispute centered on the recovery of USD 6,421,224.71, which IDBI Bank (the "Bank") alleged was owed by Amira C Foods International DMCC ("Amira") under a Facilities Agreement dated 11 August 2014. The claim also sought to hold the second defendant, Mr.

Sushant Shukla· ·6 min read
uae-difc-cases

IDBI BANK v AMIRA C FOODS INTERNATIONAL DMCC [2020] DIFC CFI 022 — Procedural classification of Part 8 claims (15 September 2020)

The dispute concerns a claim initiated by IDBI Bank Limited against Amira C Foods International DMCC and Karan A Chanana. The core of the litigation involves the bank’s attempt to recover outstanding financial obligations, a matter that necessitated a determination on the appropriate procedural…

Sushant Shukla· ·6 min read
uae-difc-cases

IDBI BANK v AMIRA C FOODS INTERNATIONAL DMCC [2020] DIFC CFI 022 — Consent order regarding service of process (18 May 2020)

The litigation concerns a claim brought by IDBI Bank Limited against Amira C Foods International DMCC as the first defendant and Karan A Chanana as the second defendant. The dispute reached a procedural impasse on 31 March 2020, when the second defendant, Karan A Chanana, filed an application…

Sushant Shukla· ·6 min read