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BARCLAYS BANK PLC v BAVAGUTHU RAGHURAM SHETTY [2020] DIFC CFI 061 — Immediate judgment on banking guarantee (22 April 2021)
The lawsuit centered on a claim for payment under an Unlimited Guarantee and Indemnity executed by Dr. Shetty on 7 January 2015. Barclays Bank PLC sought to recover debts incurred by UAE Exchange Centre LLC (UAEEC) following the termination of an ISDA Master Agreement.
BARCLAYS BANK PLC v BAVAGUTHU RAGHURAM SHETTY [2022] DIFC CFI 061 — Registrar denies third-party access to private court schedules (07 July 2022)
The application arose from a request by the law firm White & Case to inspect "Schedule C," a document attached to an order previously issued by Justice Wayne Martin in the ongoing litigation between Barclays Bank PLC and Bavaguthu Raghuram Shetty.
BARCLAYS BANK PLC v BAVAGUTHU RAGHURAM SHETTY [2020] DIFC CFI 061 — Finalization of quantum and judgment debt (04 May 2021)
The litigation centered on a substantial commercial debt recovery claim initiated by Barclays Bank PLC against Bavaguthu Raghuram Shetty. The dispute arose from the Defendant’s failure to meet financial obligations owed to the Claimant, leading to a formal claim filed within the DIFC Court of First…
BARCLAYS BANK PLC v BAVAGUTHU RAGHURAM SHETTY [2020] DIFC CFI 061 — Immediate judgment on banking guarantee (25 April 2021)
The dispute centers on the enforcement of an Unlimited Guarantee and Indemnity executed by Dr. Shetty on 7 January 2015. Barclays Bank PLC initiated proceedings following the default of UAE Exchange Centre LLC (UAEEC) on foreign exchange transactions governed by an ISDA Master Agreement.
BARCLAYS BANK PLC v BAVAGUTHU RAGHURAM SHETTY [2021] DIFC CFI 061 — Amended worldwide freezing injunction (22 April 2021)
The DIFC Court of First Instance issued an amended worldwide freezing injunction against Bavaguthu Raghuram Shetty, securing assets up to US$ 135,000,000 to prevent the dissipation of funds amidst ongoing litigation.
BARCLAYS BANK v BAVAGUTHU RAGHURAM SHETTY [2021] DIFC CFI 061 — Procedural order regarding ISDA Master Agreement evidence (11 February 2021)
The litigation involves an application for immediate judgment filed by Barclays Bank against Bavaguthu Raghuram Shetty. The core of the dispute centers on the enforceability of obligations arising from financial instruments governed by the International Swaps and Derivatives Association (ISDA)…