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CFI 026/2017 Tavira Securities Limited vs (1) Re Point Ventures FZCO (2) Jai Narain Gupta (3) Mayank Kumar (4) Saroj Gupta

CFI 026/2017 Tavira Securities Limited vs (1) Re Point Ventures FZCO (2) Jai Narain Gupta (3) Mayank Kumar (4) Saroj Gupta

August 9, 2018

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Claim No:  CFI 026/2017

 THE DUBAI INTERNATIONAL FINANCIAL CENTRE COURTS

 IN THE COURT OF FIRST INSTANCE

BETWEEN

TAVIRA SECURITIES LIMITED

Claimant

and

(1) RE POINT VENTURES FZCO

(2) JAI NARAIN GUPTA

(3) MAYANK KUMAR

(4) SAROJ GUPTA

Defendants


ORDER OF JUDICIAL OFFICER MAHA AL MEHAIRI


FURTHER TO the Defendant’s Application CFI-026-2017/5 (the “Defendant’s Application”) filed on 22 February 2018 seeking a stay of proceedings pending the determination of the Defendant’s Application made to the Joint Judicial Committee. (the “JJC Application”), which according to Article 5 of the Decree serves as an automatic stay to the proceedings

AND UPON the JCC rejecting the Defendants’ Application and maintaining the proceedings before the DIFC Courts.

AND UPON reviewing the request made by the Claimant on 1 August 2018 for a default judgment pursuant to rule 13.4 of the Rules of the DIFC Courts (the “Claimant’s Application”)

AND UPON reviewing the case file

IT IS HEREBY ORDERED THAT:

1. The Claimant’s Application is denied as the automatic stay to the proceedings has been lifted on 11 July 2018 and the deadline to file a defence is deemed to be Wednesday, 8 August 2018.

2. Costs in the case.

 

Issued by:

Ayesha Bin Kalban

Assistant Registrar

Date of issue: 9 August 2018

At: 10am

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