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UNION BANK OF INDIA v VELOCITY VENTURES [2021] DIFC CFI 025 — Setting aside default judgment and authorizing service by publication (18 March 2021)
The DIFC Court of First Instance clarifies the mandatory nature of RDC service protocols, ruling that procedural failures in serving personal guarantees and particulars of claim necessitate the setting aside of default judgments.
UNION BANK OF INDIA v VELOCITY INDUSTRIES [2023] DIFC CFI 025 — Liability of corporate borrower and dismissal of personal guarantees (17 July 2023)
The Court of First Instance adjudicates a complex multi-party debt recovery action involving a Master Facility Agreement, clarifying the evidentiary requirements for personal guarantees and the threshold for counsel disqualification.
UNION BANK OF INDIA v VELOCITY INDUSTRIES [2021] DIFC CFI 025 — Setting aside default judgment due to defective service (13 April 2021)
The litigation concerns a debt recovery action initiated by Union Bank of India (DIFC Branch) against a group of corporate and individual defendants following the default of a Facility Agreement originally executed in 2014.
UNION BANK OF INDIA v VELOCITY INDUSTRIES [2023] DIFC CFI 025 — Costs allocation and interim payment refusal (27 September 2023)
The DIFC Court of First Instance clarifies the application of RDC 38.8(1) in complex multi-party litigation, balancing the general rule of costs following the event against specific issue-based success.
UNION BANK OF INDIA v VELOCITY INDUSTRIES [2023] DIFC CFI 025 — Procedural extension for costs submissions (15 August 2023)
The litigation involves a substantial banking claim brought by the Union Bank of India (DIFC Branch) against a series of corporate and individual defendants, including Velocity Industries LLC, Velocity Ventures Ltd, Umaku Trade Invest Limited, and several named individuals: Vijey Kapoor, Ravi…
UNION BANK OF INDIA v VELOCITY INDUSTRIES [2022] DIFC CFI 025 — Procedural variation of compliance deadlines (23 November 2022)
The litigation involves Union Bank of India (DIFC Branch) acting as the Claimant against a complex array of corporate and individual defendants, including Velocity Industries LLC, Velocity Ventures Ltd, Umaku Trade Invest Limited, and several named individuals: Vijey Kapoor, Ravi Kuchimanchi,…
UNION BANK OF INDIA v VELOCITY INDUSTRIES [2022] DIFC CFI 025 — Procedural directions following partial trial (23 September 2022)
Justice Lord Angus Glennie issues a structured timetable for closing submissions and outstanding procedural applications following the conclusion of a five-day partial trial in the DIFC Court of First Instance.
UNION BANK OF INDIA v VELOCITY INDUSTRIES [2022] DIFC CFI 025 — Procedural permission for reply submissions (22 August 2022)
The litigation in CFI 025/2020 involves a complex banking dispute between Union Bank of India (DIFC Branch) and a series of corporate and individual defendants, including Velocity Industries LLC, Velocity Ventures Ltd, Umaku Trade Invest Limited, and several individual respondents.
UNION BANK OF INDIA v VELOCITY INDUSTRIES [2022] DIFC CFI 025 — Procedural management of late-filed expert evidence (25 July 2022)
The litigation involves a high-stakes banking dispute between the Claimant, Union Bank of India (DIFC Branch), and a series of corporate and individual defendants, including Velocity Industries LLC, Velocity Venture Ltd., Umaku Trade Invest Limited, and several individual respondents.
UNION BANK OF INDIA v VELOCITY INDUSTRIES [2022] DIFC CFI 025 — Adjusting trial bundle deadlines via consent (26 April 2022)
The litigation, registered as CFI 025/2020, involves a claim brought by the DIFC branch of the Union Bank of India against a group of eight defendants, including Velocity Industries LLC, Velocity Venture Ltd., Umaku Trade Invest Limited, and five individual defendants: Vjey Kapoor, Ravi Kuchimanki,…
UNION BANK OF INDIA v VELOCITY INDUSTRIES [2022] DIFC CFI 025 — Consent order varying pre-trial obligations (29 March 2022)
A procedural refinement in the ongoing banking litigation concerning the extension of compliance deadlines for the Fourth Defendant.
UNION BANK OF INDIA v VELOCITY INDUSTRIES [2022] DIFC CFI 025 — Pre-Trial Review and procedural directions (24 March 2022)
The litigation concerns a banking dispute initiated by the Union Bank of India (DIFC Branch) against a series of corporate entities and individuals, including Velocity Industries LLC, Velocity Venture Ltd., Umaku Trade Invest Limited, and several individual defendants, including Vjey Kapoor.
UNION BANK OF INDIA v VELOCITY INDUSTRIES [2022] DIFC CFI 025 — Procedural variation of expert evidence deadlines (14 January 2022)
A procedural consent order refining the litigation timeline in a complex multi-party banking dispute to facilitate the submission of expert testimony.
UNION BANK OF INDIA v VELOCITY INDUSTRIES [2021] DIFC CFI 025 — procedural timeline adjustment (28 December 2021)
The litigation involves Union Bank of India (DIFC Branch) acting as the Claimant against a group of eight defendants, including Velocity Industries LLC, Velocity Venture Ltd., Umaku Trade Invest Limited, and five individual defendants: Vjey Kapoor, Ravi Kuchimanki, Rajinder Makhijani, Parag Gupta,…
UNION BANK OF INDIA v VELOCITY INDUSTRIES [2021] DIFC CFI 025 — Procedural management of expert evidence (27 December 2021)
The litigation involves Union Bank of India (DIFC Branch) as the Claimant, pursuing claims against a series of corporate entities—Velocity Industries LLC, Velocity Venture Ltd., and Umaku Trade Invest Limited—alongside individual defendants including Vjey Kapoor (D4), Ravi Kuchimanki (D5), and…
UNION BANK OF INDIA v VELOCITY INDUSTRIES [2021] DIFC CFI 025 — Disclosure and document production disputes (14 November 2021)
Justice Lord Angus Glennie clarifies the limits of document production in the DIFC, affirming that while legal possession extends to documents held by counsel, the Court will not order the production of non-existent records.
UNION BANK OF INDIA v VELOCITY INDUSTRIES [2021] DIFC CFI 025 — Consent order for procedural timeline adjustment (31 August 2021)
The litigation involves a complex multi-party claim brought by the DIFC branch of the Union Bank of India against a series of corporate entities and individuals, including Velocity Industries LLC, Velocity Venture Ltd, Umaku Trade Invest Limited, and several named individuals including Vijey…
UNION BANK OF INDIA v VELOCITY INDUSTRIES [2021] DIFC CFI 025 — Procedural adjustment of trial timelines (30 August 2021)
The litigation, filed under case number CFI 025/2020, involves a substantial claim brought by the Union Bank of India (DIFC Branch) against a series of corporate entities and individual defendants.
UNION BANK OF INDIA v VELOCITY INDUSTRIES [2021] DIFC CFI 025 — Case Management Order (18 July 2021)
The litigation involves Union Bank of India (DIFC Branch) as the Claimant against a series of corporate and individual defendants, specifically Velocity Industries LLC, Velocity Venture Ltd, Umaku Trade Invest Limited, and five individual defendants: Vijey Kapoor, Ravi Kuchimanchi, Rajender…
UNION BANK OF INDIA v VELOCITY INDUSTRIES [2021] DIFC CFI 025 — Setting aside default judgment and authorizing service by publication (27 May 2021)
The litigation involves a claim initiated by Union Bank of India (DIFC Branch) on 17 March 2020 against a series of corporate entities—Velocity Industries LLC, Velocity Venture Limited, and Umaku Trade Invest Limited—alongside individual defendants Vijey Kapoor, Ravi Kuchimanchi, Rajender…
UNION BANK OF INDIA v VELOCITY INDUSTRIES [2021] DIFC CFI 025 — Strict adherence to RDC service requirements (21 April 2021)
The underlying litigation involves Union Bank of India (DIFC Branch) pursuing claims against a complex web of corporate and individual defendants, including Velocity Industries LLC (the First Defendant) and Vijey Kapoor (the Fourth Defendant). Following a Default Judgment issued by H.E.
UNION BANK OF INDIA v VELOCITY INDUSTRIES [2020] DIFC CFI 025 — Default judgment for USD 2.4M debt recovery (17 September 2020)
The lawsuit concerns a substantial debt recovery claim brought by the DIFC branch of Union Bank of India against a group of eight defendants, comprising three corporate entities—Velocity Industries LLC, Velocity Venture Ltd., and Umaku Trade Invest Limited—and five individual defendants: Vijey…
UNION BANK OF INDIA v VELOCITY INDUSTRIES [2020] DIFC CFI 025 — Judicial Officer denies email service application (16 June 2020)
The dispute arises from a banking claim initiated by the Union Bank of India (DIFC Branch) against a complex array of corporate and individual defendants, including Velocity Industries LLC, Velocity Venture Ltd, Umaku Trade Invest Limited, and five individual respondents: Vijey Kapoor, Ravi…
UNION BANK OF INDIA v VELOCITY INDUSTRIES [2020] DIFC CFI 025 — Strict adherence to RDC service protocols (15 June 2020)
The dispute arises from a banking claim initiated by the DIFC Branch of the Union Bank of India against a group of eight defendants, including Velocity Industries LLC, Velocity Venture Limited, Umaku Trade Invest Limited, and five individual defendants: Vijey Kapoor, Ravi Kuchimanchi, Rajender…