Abu Dhabi Commercial Bank PJSC v Manghat (Costs) [2022] ADGMCFI 0011 (28 November 2022)

Abu Dhabi Commercial Bank PJSC v Manghat (Costs) [2022] ADGMCFI 0011 (28 November 2022)

Given the strength of ADCB's application, the defendant's conduct, and the proportionality of costs relative to the freezing order application, the defendant is ordered to pay the claimant's costs summarily assessed at £150,000.

Citation
[2022] ADGMCFI 0011
Parties
Claimant: Abu Dhabi Commercial Bank PJSC; Defendant: Prasanth Manghat
Jurisdiction
United Arab Emirates
Judgment Date
28 November 2022
Procedural Posture
Civil / Post Interlocutory Application for Costs Following Worldwide Freezing Order
Outcome
Defendant ordered to pay claimant's costs of and incidental to the freezing order application.
Legal Topics
Freezing Injunctions, Costs Assessment, Summary Assessment, Proportionality, Fraud Allegations
Civil Procedure Banking Law Fraud Freezing Injunctions Costs Assessment Summary Assessment Proportionality Fraud Allegations

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Parties

Abu Dhabi Commercial Bank PJSC

Claimant

Prasanth Manghat

Defendant

Procedural Posture

Civil / Post Interlocutory Application for Costs Following Worldwide Freezing Order

Legal Issues

  1. 1 Whether the defendant should pay the claimant's costs of the freezing order application
  2. 2 Whether costs should be summarily assessed or subject to detailed assessment
  3. 3 What amount of costs is proportionate and reasonable

Ratio Decidendi

Given the strength of ADCB's application, the defendant's conduct, and the proportionality of costs relative to the freezing order application, the defendant is ordered to pay the claimant's costs summarily assessed at £150,000.

Court Disposition

Defendant ordered to pay claimant's costs of and incidental to the freezing order application.

Orders

  • Defendant to pay claimant's costs of and incidental to the freezing order application in the sum of £150,000.