The Dubai court upheld the initial judgment issued by the court of first instance on May 16, 2024
This ruling ordered Honasa to pay AED 25.07 Mn (around INR 57 Cr) in damages to RSM for the alleged unlawful termination of their distributorship agreement
Following the May ruling, the Dubai court also mandated the attachment of Honasa’s assets in the UAE as part of the enforcement of this judgment
The Dubai court rejected appeals from both Honasa Consumer and its former distributor RSM General Trading, upholding the initial judgment issued by the court of first instance on May 16, 2024.
This ruling ordered Honasa to pay AED 25.07 Mn (around INR 57 Cr) in damages to RSM for the alleged unlawful termination of their distributorship agreement.
Following the May ruling, the Dubai court also mandated the attachment of Honasa’s assets in the UAE as part of the enforcement of this judgment.
This order was reaffirmed in the subsequent ruling of October 5. After this ruling, Honasa clarified that it does not own any assets in the UAE.
(The story will be updated soon)
