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TRANSASIA PRIVATE CAPITAL v MADOS TRADING COMPANY [2023] DIFC CFI 079 — Refusal of second permission to appeal following debt admission (17 March 2023)
The DIFC Court of First Instance reinforces the finality of immediate judgments by rejecting a second attempt to appeal a ruling where the defendants had unequivocally acknowledged their multi-million dollar debt via a formal Payment Deed.
TRANSASIA PRIVATE CAPITAL v MADOS TRADING COMPANY [2023] DIFC CFI 079 — Refusal of permission to appeal and dismissal of delaying tactics (01 February 2023)
Justice Michael Black dismisses a permission to appeal application in CFI 079/2021, categorizing the Defendants' procedural requests as transparent delaying tactics and affirming the lack of merit in the proposed appeal.
TRANSASIA PRIVATE CAPITAL v MADOS TRADING COMPANY [2022] DIFC CFI 079 — Immediate judgment granted following failed adjournment attempt (20 December 2022)
The dispute centers on a breach of a Facility Agreement dated 12 March 2019, under which Transasia Private Capital Limited (the Lender) and TA Private Capital Security Agent Ltd (the Security Agent) provided financing to Mados Trading Company LLC and Mados Global FZE.
TRANSASIA PRIVATE CAPITAL v MADOS TRADING COMPANY [2022] DIFC CFI 079 — Procedural amendment and service dispensation (10 November 2022)
The litigation in CFI 079/2021 involves a complex multi-party claim brought by Transasia Private Capital Limited and TA Private Capital Security Agent Ltd against a group of five defendants: Mados Trading Company LLC, Mados Global FZE, Mr. Sridhar Melarkode Vaidyanathan, Ms. Minu Sridhar, and Mr.