cfi 039/2022

IDBI BANK LIMITED v MACNES GENERAL TRADING [2022] DIFC CFI 039 — Default judgment for USD 9.3 million following alternative service (11 October 2022)

The dispute arose from a commercial banking relationship between IDBI Bank Limited (DIFC Branch) and the Defendants, Macnes General Trading LLC and Mr. Prashant Sethi. The Claimant sought to recover a specified sum of money totaling USD 9,358,308.03, which remained outstanding.