Gupta (Appellant/Defendant) v Sucden Financial Limited and Others (Respondents/Claimants)
Wednesday 8 July 2026
Gupta (Appellant/Defendant) v Sucden Financial Limited and Others (Respondents/Claimants) (external link)
By Appellant’s Notice filed on 27 October 2025 the Appellant appeals a decision of High Court, delivered on 30 July 2025.
Sucden alleged that the Appellant and others fraudulently induced it to delay enforcing TMT Metals AG’s debts by offering a bill of lading as security that was allegedly worthless.
The Appellant challenged the English court’s jurisdiction, but the court found there was a serious case to answer and a good arguable case that Sucden suffered loss in England. Given an English-law contract, London-based events, and existing proceedings against TMT in England, the court held that England was the appropriate forum. It therefore refused the Appellant’s application and allowed the claims against him to proceed in the English courts.
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