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VISION INVESTMENT AND HOLDINGS v MAHDI AMJAD [2025] DIFC CFI 053 — Renewed application for permission to appeal dismissed (05 August 2025)
The litigation centered on a claim brought by Vision Investment and Holdings Limited (“Vision”) against Mahdi Amjad (“Mr Amjad”) to recover a sum of AED 26,668,646, plus interest and legal costs.
VISION INVESTMENT AND HOLDINGS v MAHDI AMJAD [2025] DIFC CFI 053 — Indemnity costs awarded for contrived litigation (30 May 2025)
The litigation concerned a claim brought by Vision Investment and Holdings Limited against Mahdi Amjad, centered on an alleged personal undertaking within a Loan Settlement Agreement.
VISION INVESTMENT AND HOLDINGS v MAHDI AMJAD [2022] DIFC CFI 053 — Dismissal of personal guarantee claim (09 April 2025)
The dispute centered on a claim for AED 26,668,646, which the Claimant, Vision Investment and Holdings Limited ("Vision"), sought to recover from the Defendant, Mahdi Amjad, based on an alleged personal undertaking contained within a Loan Settlement Agreement.
VISION INVESTMENT AND HOLDINGS v MAHDI AMJAD [2024] DIFC CFI 053 — Lifting the stay of proceedings (18 September 2024)
The litigation between Vision Investment and Holdings Limited and Mahdi Amjad had been subject to a stay of proceedings, effectively pausing the adjudication of the claims. Following a Case Management Conference (CMC) held on 5 September 2024, the Court determined that the conditions necessitating…
VISION INVESTMENT AND HOLDINGS v MAHDI AMJAD [2024] DIFC CFI 053 — Partial strike-out and security for costs order (25 January 2024)
The DIFC Court of First Instance clarifies the limits of third-party beneficiary standing under the UAE Civil Code and confirms the threshold for security for costs against insolvent corporate claimants.
VISION INVESTMENT AND HOLDINGS v MAHDI AMJAD [2023] DIFC CFI 053 — Immediate judgment dismissed and security for costs ordered (23 November 2023)
The DIFC Court of First Instance affirms the standing of a third-party beneficiary in a guarantee dispute while imposing a USD 100,000 security for costs order against an insolvent claimant.
VISION INVESTMENT AND HOLDINGS v MAHDI AMJAD [2023] DIFC CFI 053 — Consent order vacating trial pending strike out determination (02 June 2023)
The litigation involves Vision Investment and Holdings Limited as the Claimant and Mahdi Amjad as the Defendant. While the underlying substantive merits of the claim remain subject to ongoing procedural challenges, the case has reached a critical juncture regarding the viability of the action…
VISION INVESTMENT AND HOLDINGS v MAHDI AMJAD [2023] DIFC CFI 053 — procedural stay and timeline adjustment (17 April 2023)
The litigation involves a commercial dispute between the Claimant, Vision Investment and Holdings Limited, and the Defendant, Mahdi Amjad. The matter reached a critical juncture in early 2023 following the filing of the Defendant’s Application No. CFI-053-2022/1 on 15 March 2023.