cfi 022/2023

IDBI BANK v FIBER PLUS [2023] DIFC CFI 022 — Default judgment for USD 9.5 million following failed service via courier (10 July 2023)

The lawsuit concerns a substantial financial recovery claim initiated by IDBI Bank Limited against a group of six respondents: Fiber Plus LLC, Mr. Kapil Chugh, Mr. Vishal Goel, Shilpi Worldwide DMCC, Ram Jharoke Leasing & Finance Limited, and Dios Hospitality (P) Ltd.