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CFI 010/2013 – Order of H.E. Justice Omar Al Muhairi

CFI 010/2013 – Order of H.E. Justice Omar Al Muhairi

May 9, 2013

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Claim No: CFI 010/2013

THE DUBAI INTERNATIONAL FINANCIAL CENTRE COURTS

IN THE COURT OF FIRST INSTANCE

IN THE MATTER OF DUBAI HOLDING INSURANCE SERVICES PCC LIMITED

AND IN THE MATTER OF THE DIFC INSOLVENCY LAW NO. 3 OF 2009

ORDER OF H.E. JUSTICE OMAR AL MUHAIRI

UPON reading the Applicant’s Winding-up Petition dated 16 April 2013, pursuant to Part 54 of the DIFC Court Rules, Article 50 of the DIFC Insolvency Law No.3 of 2009, Regulation 8.7.2 of the DIFC Insolvency Regulation and the supporting documents attached.

IT IS ORDERED THAT:

1. Mr Shahab Haider of Sajjad Haider Chartered Accountants LLP is hereby appointed as Provisional Liquidator of DUBAI HOLDING INSURANCE SERVICES PCC LIMITED, registered in the DIFC under Registration Number 0739, and Commercial License Number CL0739, and with its Registered Offices at Unit 01B, Level 5, Gate Precinct, Building 2, DIFC, P.O. Box 506770, Dubai, UAE.
2. The Provisional Liquidator has all the powers as set out in Schedule 3 of the DIFC Insolvency Law No. 3 of 2009.
3. The hearing date for the petition for winding up is fixed for Sunday, 9 June 2013, seven days prior to which the advertisement pursuant to RDC 54.62 would be published in accordance with the Practice Direction (PD 3/2011).
4. Pursuant to RDC 54.103, the requirement for the advertisement for appointment, the advertisement shall specifically state that any person intending to appear at the hearing shall give to the Petitioner, the Provisional Liquidator and Clifford Chance LLP, notice of his intention, specifying whether or not he intends to support or oppose the petition, and whether or not he objects to the appointment of the Mr Shahab Haider as the Provisional Liquidator, by no later than Wednesday, 29 May 2013, and if no such notice is provided, then he shall not be able to appear at the hearing of the petition without further order of the Court.
5. The costs of the aforementioned advertisement to be paid by the Petitioner.
6. Costs of this application will be dealt with in the liquidation.

H.E. Justice Omar Al Muhairi
Date of Issue: 09 May 2013
At: 2pm

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