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ARTICLE · 24 MAY 2018

Freezing Orders - State Bank Of India v Mallya

Court finds risk of dissipation in a freezing order application and considers material non-disclosure point.

IndiaLitigation, Mediation & Arbitration

Case Alert - [2018] EWHC 1084 (Comm)



Court finds risk of dissipation in a freezing order application and considers material non-disclosure point

The judge in this case found that a risk of dissipation had been made out on the facts in an application for a freezing order. In particular, the respondent's lengthy delays in appealing a judgment against him in India were suggestive of a wish to avoid or delay as long as possible the satisfaction of his obligations. It was also relevant that he had been held to be in contempt of court on two counts by the Supreme Court of India, and his departure from India, coupled with a resistance to India's application to extradite him, provided some grounds for regarding him as a fugitive from justice. Those factors evidenced a risk of dissipation and "in those circumstances it is reasonable also to take into account the complexity of the structures used by [the respondent] for the holding of assets, which would be likely

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