cfi 094/2022

IDBI BANK LIMITED v SKYWAY TRADING [2023] DIFC CFI 094 — Default judgment for USD 10.2M debt (25 April 2023)

The dispute centers on a substantial banking debt owed to the DIFC branch of IDBI Bank Limited. The claimant initiated proceedings to recover funds from the three named defendants, who were held jointly and severally liable for the outstanding balance.