Legal3 Apr 2025, 04:08 pm
Honasa Consumer Ltd wins appeal against AED 25 Million compensation in Dubai Court
AI Summary
Honasa Consumer Limited has won an appeal in the Dubai Court against a judgment ordering the company to pay AED 25 Million (approx.) to RSM General Trading LLC as compensation for damages. The Highest Court of Dubai, UAE (Cassation Court) overturned the Appeal Court Judgment and referred the matter to the Court of Appeal for a rehearing by a new bench. The Original Judgment, which upheld the Dubai Court's order, has been overturned on the grounds that the Appeal Court Judgment was flawed, defective, and without any reasoning. The matter will now be heard afresh by a new panel of Appeal Court judges, and the Original Judgment shall not continue to be in operation till its pendency.
Key Highlights
- Honasa Consumer Ltd wins appeal in Dubai Court against AED 25 Million compensation to RSM General Trading LLC
- Cassation Court overturns Appeal Court Judgment, finds it flawed and defective
- Original Judgment overturned, matter to be reheard by a new bench of Appeal Court judges
- No material financial impact expected as Original Judgment shall not continue to be in operation
- Hearing to be held afresh, no interim orders to be in operation till pendency