FIMBANK PLC vs RAJEEV SURESH BHATIA

Judgment text excerpt

IA-3607-2025.doc IN THE HIGH COURT OF JUDICATURE AT BOMBAY Digitally signed by KANCHAN ORDINARY ORIGINAL CIVIL JURISDICTION KANCHAN PRASHANT DHURI PRASHANT Date: DHURI 2026.06.08 IN ITS COMMERCIAL DIVISION 19:03:16 +0530 INTERIM APPLICATION NO. 3607 OF 2025 IN COMMERCIAL EXECUTION APPLICATION NO. 55 OF 2025 Fimbank P.L.C., Having its office at Mercury Tower, The Exchange Financial and Business Centre, Elia Zammit Street, St. Julian’s Malta Also at- Unit N1904, Level 19, Emirates Financial Towers, DIFC, Dubai 506554, United Arab Emirates. … Applicant/Decree Holder Versus 1. Mr. Rajeev Suresh Bhatia, Solitaire Nargis Dutt Road, 34, Pali Hill, Mumbai, Maharashtra-400 050. 2. Mr. Suresh Tulsidas Bhatia, Solitaire Nargis Dutt Road, 34, Pali Hill, Mumbai, Maharashtra-400 050. … Respondents/ Judgment Debtors ………... Mr. Ranjeev Carvalho alongwith Mr. Rupesh Geete and Mr. Avesh Ganja instructed by Satyaki Law Associates, Advocate for the Appellant/Decree Holder. Mr. Mayur Khandeparkar alongwith Ms. Nidhi Singh, Mr. Brian Noronha, Ms. Amisha Upadhyay instructed by Indian Law LLP, Advocate for the Respondents. ………... CORAM : ABHAY AHUJA, J. Reserved on : 17th December 2025 Pronounced on : 8th June 2026 Kanchan Dhuri / Mandar M. 1/44 IA-3607-2025.doc ORDER : 1. The Execution Application seeks execution of Judgment and Decree dated 16th May 2023 of Dubai International Financial Centre (the “DIFC Court”) in Claim No. CFI-068-2022 for Rs.24,75,81,886/- including interest of Rs.1,52,69,792/- from 16th May 2023 till the filing of the execution proceedings as well as costs of Rs.71,99,931/- alongwith further interest of USD 419.19 daily from 25 th July 2024, by which the Respondents/Judgment Debtors were directed to make payment of the aforesaid sums to the Applicant. 2. It has been subm