Welcome to the DIFC Courts website. To optimise the experience, this website only uses strictly necessary cookies.
The DIFC Courts takes your privacy very seriously and respects the importance of security on the internet. DIFC Courts websites use cookies and similar technologies for various purposes including to distinguish you from other users of our websites. By continuing to use our websites, you agree to our cookie policy.
What cookies do we use?
Cookies are text files containing small amounts of information. They are downloaded to your computer or device when you visit a website. They don’t tell us who you are but they do enable us to recognise your device and where you have made various preferences or actions they enable us to remember them.
Why do we use cookies?
Cookies do lots of different jobs, like letting you navigate between web pages efficiently, remembering your preferences, and generally improving your experience of our websites. The cookies can help to ensure that adverts you see online are more relevant to you and your interests.
Disabling cookies
DIFC Courts websites are designed to function optimally with cookies enabled. You can, however, disable cookies via your website browser settings. This may mean, however, that you may no longer have access to some of our website features. Please note that even with all cookies disabled, a tiny amount of information will continue to be retrieved from your web browser. This information is necessary for the basic functioning of our website.
Changes to our cookie policy
We may change this cookie policy from time to time. If we make changes, we will notify you by revising the date on this policy and in some cases by adding notices on our homepage or other websites or sending you email updates (where data protection laws allow this).
Contact us
If you have any questions about our cookie policy you can contact us at: ithelpdesk@difccourts.ae
CFI 025/2015 MAS Clearsight Limited v Not Applicable
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 13 September 2015, pursuant to Part 54 of the DIFC CourtsRules, Article 50 of the DIFC Insolvency Law No.3 of 2009, Regulation 8.7.2 of the DIFC Insolvency Regulations and the supporting documents attached.
AND UPON hearing Counsel for the Applicant at the hearing on 21 October 2015
IT IS ORDERED THAT:
Mr Shahab Haider of Sajjad Haider Chartered Accountants LLP is hereby appointed as Provisional Liquidator of MAS CLEARSIGHT LIMITED, registered in the DIFC under Registration Number 0875, and Commercial License Number CL0875, and with its Registered Office at Unit A, Level 5, Gate Building East Wing, DIFC, P.O. Box 506811, Dubai, UAE.
The Provisional Liquidator has all the powers as set out in Schedule 3 of the DIFC Insolvency Law No. 3 of 2009.
The hearing date for the petition for winding up is fixed for Thursday, 19 November 2015, seven days prior to which the advertisement pursuant to RDC 54.62 would be published in accordance with the relevant Practice Direction (PD 3/2011) by no later than Thursday, 5 November 2015.
Pursuant to RDC103, which sets out the requirements 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 Galadari Advocates and Legal Consultants, 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 Mr Shahab Haider as the Provisional Liquidator, by no later than Sunday, 8 November 2015, 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.
If no notice of objection has been received by Sunday, 8 November 2015, a winding up order shall take effect on Thursday, 19 November 2015 without the need for attendance at a hearing and Mr Shahab Haider of Sajjad Haider Chartered Accountants LLP shall be appointed as Liquidator with immediate effect from the Return Date.
The Provisional Liquidator shall be at liberty to apply for such further or other directions as they may deem necessary.
The costs of the aforementioned advertisement to be paid by the Petitioner.
Costs of this application will be dealt with in the liquidation.
