March 04, 2019 court of first instance - Orders
Claim No. CFI-007-2018
IN THE DUBAI INTERNATIONAL FINANCIAL CENTRE COURTS
IN THE COURT OF FIRST INSTANCE
BETWEEN:
MAHESH SRICHAND TOURANI
and
(1) DUSTI LALICHAND MEHTANI TOURANI
(2) DUZTY LLC
Defendants
CONSENT ORDER
UPON the Judgment of Chief Justice Tun Zaki Azmi issued on 13 December 2018 (“the Order”)
AND UPON the parties agreeing the terms set out below
IT IS HEREBY ORDERED THAT:
1.The total costs payable by the Claimant to the Defendants, in full satisfaction of any liability arising under paragraph 2 of the Order and paragraph 61 of the corresponding Judgment, are AED 1,200,000.
2. The Claimant shall pay the costs set out in paragraph 1 of this order (being AED 1,200,000) to the Defendants so that the Defendants are in receipt of cleared funds by 4pm on 12 March 2019.
3. In the event that payment pursuant to paragraph 2 above is made late, interest shall accrue on any sum outstanding at the rate of 9% pursuant to PD4/2017, unless otherwise agreed.
Issued by:
Ayesha Bin Kalban
Assistant Registrar
Date of issue: 4 March 2019
Time: 12pm
