LITT
Try LITT free
NS INVESTMENTS v AJAY SETHI [2026] DIFC CFI 055 — Procedural extension for costs assessment (04 March 2026)
The litigation between NS Investments Limited and Ajay Sethi reached a stage where the recovery of legal costs became the primary point of contention. Following a judgment in 2023, the Court issued an order in early 2025 requiring the Claimant to pay 50% of the Defendant’s legal costs.
NS INVESTMENTS v AJAY SETHI [2026] DIFC CFI 055 — Clarifying cost liabilities through order variation (12 February 2026)
The DIFC Court of First Instance exercises its inherent jurisdiction to rectify drafting ambiguities in a prior Consent Order and Judgment, ensuring that cost awards accurately reflect the parties' underlying settlement intentions regarding principal and interest claims.
NS INVESTMENTS v AJAY SETHI [2026] DIFC CFI 055 — Interim payment of legal costs on account (07 February 2026)
The dispute centered on the Defendant’s attempt to recover a portion of legal fees incurred throughout the protracted litigation of the Part 7 Claim. Following the conclusion of the main proceedings, where the Defendant emerged successful in every application—including those reaching the Court of…
NS INVESTMENTS v AJAY SETHI [2025] DIFC CFI 055 — Interim costs payment order (07 February 2025)
The underlying litigation, initiated by a Part 7 Claim in June 2020, reached a critical juncture regarding the recovery of legal fees incurred by the Defendant, Ajay Sethi. Following the conclusion of the substantive proceedings and subsequent failed appeals by the Claimant, NS Investments, the…
NS Investments v Ajay Sethi [2024] DIFC CFI 055 — Dismissal of appeal regarding ultra vires loan agreements (15 May 2024)
The dispute originated from a loan agreement between the Claimant, a Jebel Ali Free Zone (JAFZA) registered entity, and the Defendant, an Indian national residing in the UAE. The Claimant sought to enforce the repayment of a loan that carried a high rate of interest.
NS Investment v Ajay Sethi [2020] DIFC CFI 055 — Nullity of loan agreements due to regulatory illegality (27 September 2023)
The DIFC Court of First Instance confirms that offshore entities cannot enforce loan agreements in the DIFC if the underlying credit activities violate onshore UAE financial licensing requirements and JAFZA regulations.
NS INVESTMENTS v AJAY SETHI [2023] DIFC CFI 055 — Consent order resolving a USD 1.29 million loan dispute (15 June 2023)
The litigation centered on a financial recovery claim initiated by NS Investments Limited against the defendant, Ajay Sethi. The dispute arose from an outstanding debt obligation, specifically a principal loan amount that remained unpaid, prompting the claimant to seek judicial intervention within…
NS INVESTMENTS v AJAY SETHI [2023] DIFC CFI 055 — Discontinuance of counterclaim proceedings (12 June 2023)
The litigation between NS Investments Limited and Ajay Sethi, filed under case number CFI 055/2020, represents a complex commercial dispute within the DIFC Court of First Instance. While the primary claim initiated by NS Investments Limited remains a matter of record, the specific procedural focus…
NS INVESTMENTS v AJAY SETHI [2023] DIFC CFI 055 — Procedural extension for document production (14 February 2023)
The litigation under case number CFI 055/2020 involves a commercial claim brought by NS Investments Limited against the defendant, Ajay Sethi. While the specific underlying merits of the claim remain subject to ongoing proceedings, the matter has reached a stage where the parties are actively…
NS INVESTMENTS v AJAY SETHI [2023] DIFC CFI 055 — Case Management Order (19 January 2023)
This Case Management Order establishes the procedural roadmap for the resolution of CFI 055/2020, setting definitive deadlines for disclosure, witness evidence, and trial preparation.
NS INVESTMENTS v AJAY SETHI [2022] DIFC CFI 055 — Procedural refinement of pleadings via consent order (05 September 2022)
The litigation involves a commercial dispute between the Claimant, NS Investments Limited, and the Defendant, Ajay Sethi. While the underlying substantive claims remain subject to ongoing proceedings, the current procedural posture of the case reflects a mutual recognition by both parties that…
NS Investments Limited v Ajay Sethi [2022] DIFC CFI 055 — Immediate judgment application dismissed due to triable issues of fact (05 April 2022)
The litigation centers on a loan agreement dated 2 July 2019, under which the Claimant, NS Investments Limited, sought to recover a principal sum of USD 1,298,977, alongside accrued interest and default interest.
NS INVESTMENTS v AJAY SETHI [2022] DIFC CFI 055 — assessment of costs following a failed stay application (10 February 2022)
The litigation between NS Investments Limited and Mr Ajay Sethi concerns a substantive dispute brought before the DIFC Court of First Instance. While the underlying merits of the claim remain the primary focus of the proceedings, the immediate procedural friction arose from the defendant’s attempt…
NS INVESTMENTS v AJAY SETHI [2021] DIFC CFI 055 — Permission to appeal default judgment (18 August 2021)
The DIFC Court of First Instance grants permission to appeal a default judgment, signaling a potential judicial pivot regarding the mandatory nature of filing an acknowledgment of service.
NS Investments v Ajay Sethi [2021] DIFC CFI 055 — Default judgment set aside application denied (29 April 2021)
The DIFC Court of First Instance affirms the strict procedural requirements for challenging default judgments, rejecting a defendant’s attempt to vacate a USD 1.29 million award based on unsubstantiated claims of usury and procedural irregularity.