By earn 
Overview of the Current Situation
Honasa Consumer Limited, popularly known for its innovative products, is currently embroiled in ongoing litigation with RSM General Trading LLC in Dubai. Recent developments have emerged from the Dubai Appeal Court regarding Honasa’s assets and trading license.
Dubai Appeal Court’s Ruling
The Dubai Appeal Court has decided that while Honasa’s UAE assets can potentially be attached, it has refused to revoke the company’s trading license in Dubai. This decision is crucial as it indicates that Honasa may continue its operations in the region despite legal challenges.
Impact of the Delhi High Court’s Order
However, it’s important to note that the enforcement of the Dubai court’s decision cannot be implemented due to a suspension ordered by the Delhi High Court. The Delhi court has expressly prohibited any action on the Dubai judgment until the ongoing appeal in India is resolved. Consequently, Honasa’s financial standing remains unaffected, given that the company does not own any physical assets in the UAE.
In addition to the ongoing proceedings, Honasa has further complicated the situation by launching a challenge against the Dubai judgment in the Cassation Court. This appeals process effectively delays any immediate enforcement actions in the UAE, as both parties await a resolution.
