DIFC Courts

CFI 005/2016 Rafed Abdel Mohsen Bader Al Khorafi & ors v Bank Sarasin-Alpen (ME) Limited

July 12, 2017 court of first instance - Orders,Orders,Uncategorized

Claim No: CFI-005-2016

THE DUBAI INTERNATIONAL FINANCIAL CENTRE COURTS

IN THE COURT OF FIRST INSTANCE

IN THE MATTER OF THE DIFC INSOLVENCY LAW No 3 OF 2009

BETWEEN

 

(1) MR RAFED ABDEL MOHSEN BADER AL KHORAFI

(2)  MRS AMRAH ALI ABDEL LATIF AL HAMAD

(3) MRS ALIA MOHAMED SULAIMAN AL RIFAI

Applicants

 

and

 

BANK SARASIN-ALPEN (ME) LIMITED

(In Liquidation)

Respondent

  

ORDER OF JUDICIAL OFFICER MAHA AL MEHAIRI

 

 

UPON the Order made by H.E Justice Omar Al Muhairi ordering the winding up of the Respondent on 2 May 2016 (the “Winding Up Order”)

AND UPON H.E Justice Omar Al Muhairi appointing Mr Shahab Haider of Sajjad Haider Chartered Accountants LLP as the Liquidator (the “Liquidator”) pursuant to paragraph 2 of the Winding Up Order

AND UPON H.E Justice Omar Al Muhairi ordering that the Liquidator’s remuneration be fixed by reference to the time properly spent by the Liquidator and his staff attending to matters arising out of the liquidation

AND UPON reviewing Application Notice CFI-005-2016/3 dated 2 July 2017 requesting from the Court to fix the Liquidator’s fees

IT IS HEREBY ORDERED THAT

  1. The Liquidator’s fees are fixed on a time cost basis to be paid as an expense of the liquidation in the amount of USD 123,256.67.

  2. Liberty to apply.

Issued by:

Maha Al Mehairi

Judicial Officer

Date of Issue: 12 July 2017

At:11am