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KIRTANLAL INTERNATIONAL DMCC v STATE BANK OF INDIA [2024] DIFC CFI 041 — Indemnity costs for abandoned fraud allegations (25 January 2024)
The DIFC Court of First Instance reinforces the punitive nature of indemnity costs, ordering a claimant to pay AED 2,237,704.06 in interim costs following the pursuit of groundless allegations of fraud and dishonesty.
Kirtanlal International DMCC v State Bank Of India [2023] DIFC CFI 041 — Consent order dismissing proceedings against international defendants (06 November 2023)
The litigation involved Kirtanlal International DMCC as the claimant, initiating a Part 7 claim on 13 June 2022 against four distinct entities. While the first defendant was the State Bank of India (DIFC Branch), the second, third, and fourth defendants—Jingjiang Special Steel Co.
Kirtanlal International DMCC v State Bank Of India [2023] DIFC CFI 041 — Procedural timeline adjustment (19 October 2023)
A procedural Consent Order issued by the DIFC Court of First Instance adjusting the evidentiary exchange deadline in a multi-party commercial dispute involving international steel entities and banking institutions.
Kirtanlal International DMCC v State Bank Of India [2022] DIFC CFI 041 — Banking facility termination following fraud discovery (11 October 2023)
Kirtanlal International DMCC (Kirtanlal) initiated proceedings against the State Bank of India (DIFC Branch) (SBI) seeking damages for breach of contract, breach of a duty of care, breach of fiduciary duty, and breach of regulatory duties.
KIRTANLAL INTERNATIONAL DMCC v STATE BANK OF INDIA [2023] DIFC CFI 041 — Procedural directions for service and jurisdiction challenges (08 September 2023)
The litigation concerns a high-stakes dispute involving Kirtanlal International DMCC as the Claimant and a multi-party respondent group, including the State Bank of India (DIFC Branch) and three Chinese steel entities: Jingjiang Special Steel Co. Ltd, Hubei Xinyegang Steel Co.
KIRTANLAL INTERNATIONAL DMCC v STATE BANK OF INDIA [2023] DIFC CFI 041 — Procedural variation of pre-trial review costs (04 September 2023)
The litigation involves Kirtanlal International DMCC as the Claimant, bringing action against the State Bank of India (DIFC Branch) as the First Defendant, alongside three corporate entities: Jingjiang Special Steel Co. Ltd, Hubei Xinyegang Steel Co. Ltd, and CITIC Pacific Special Steel Group Co.
KIRTANLAL INTERNATIONAL DMCC v STATE BANK OF INDIA [2023] DIFC CFI 041 — Pre-trial procedural management and stay application dismissal (24 August 2023)
The litigation involves a complex dispute between the Claimant, Kirtanlal International DMCC, and multiple defendants, including the State Bank of India (DIFC Branch) and various entities within the Citic Pacific Special Steel Group.