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FURSA CONSULTING v AJAY SETHI SHAKTI CHAND SETHI [2024] DIFC CFI 056 — Renewed permission to appeal dismissed (25 July 2024)
The litigation centered on a contractual dispute arising from a Letter of Engagement between Fursa Consulting (the Claimant) and Ajay Sethi Shakti Chand Sethi (the Defendant). The Claimant was engaged to assist the Defendant in securing a buyout of existing debt obligations—totaling AED 45…
FURSA CONSULTING v AJAY SETHI SHAKTI CHAND SETHI [2024] DIFC CFI 056 — Dismissal of appeal and stay request (21 May 2024)
The DIFC Court of First Instance reaffirms the high threshold for appellate intervention in contract interpretation disputes, dismissing a claimant's attempt to relitigate a failed success fee claim.
FURSA CONSULTING v AJAY SETHI SHAKTI CHAND SETHI [2023] DIFC CFI 056 — Withdrawal of appellate application (30 November 2023)
This order formalizes the procedural termination of an appellate challenge following the Claimant's decision to abandon its pursuit of permission to appeal a prior ruling by H.E. Deputy Chief Justice Ali Al Madhani.
FURSA CONSULTING v AJAY SETHI [2023] DIFC CFI 056 — Costs assessment following dismissal of AED 966,000 claim (31 October 2023)
The DIFC Court of First Instance reaffirms the high threshold for indemnity costs, rejecting a defendant's bid for enhanced recovery while upholding the standard 'costs follow the event' principle despite the claimant's plea of financial hardship.
FURSA CONSULTING v AJAY SETHI [2023] DIFC CFI 056 — Contractual interpretation of success fee triggers (05 October 2023)
The DIFC Court of First Instance clarifies the threshold for "successful transactions" in financial advisory mandates, ruling that a success fee is not triggered by the mere signing of a conditional facility letter absent the actual sanctioning of credit.
FURSA CONSULTING v AJAY SETHI SHAKTI CHAND SETHI [2022] DIFC CFI 056 — Procedural transition to Part 7 claim (27 September 2022)
The dispute centers on an application filed by the Claimant, Fursa Consulting, on 21 September 2022, concerning the procedural posture of its claim against the Defendant, Ajay Sethi Shakti Chand Sethi.