Plea for Justice: Dawood Rawat Wins Court Injunction to Protect BAI Assets!

Dawood Rawat, the former Chairman Emeritus of dissolved BAI Group in Mauritius, has successfully secured a temporary injunction halting the sale of assets associated with his former company. This ruling was made by the Commercial Court on 13 March 2025, in response to a request presented by his daughter and representative, Laïna Rawat-Burns.

Mr Dawood Rawat asserted that certain transactions involving the assets of the former BAI Group were executed under conditions he considers unjust.

He is appealing for a freeze on any selling or transferring of assets until the court deliberates on the constitutionality surrounding the dissolution of his group in 2015.

Judge Mary Jane Lau Yuk Poon acknowledged the urgent nature of the request, subsequently issuing an order that bars the involved parties from disposing of, transferring, or managing any assets, funds, shares, or other financial interests linked to the former BAI Group until the issue is resolved.

The injunction affects several entities, including the National Property Fund Ltd, the National Insurance Company Ltd, and the Bank of Mauritius.

Also included are co-defendants such as the Financial Services Commission, the Director of Insolvency, and several named administrators, notably Georges Ellie Chung Ming Kan, Mohamad Yacoob Ayoob Jaee Allymamode Ramtoola, Yogesh Rai Basgeet, and André Bonieux.

Former ministers Seetanah Lutchmeenaraidoo and Roshi Bhadain are also implicated in this ongoing legal battle.

This injunction will stay in force until the next hearing, set for 27 March 2025, when the defendants will be expected to explain why the temporary measure should not transition into a more permanent ruling.

This legal action is part of a broader contest initiated by Dawood Rawat, questioning the legality of the actions leading to the collapse of the BAI Group a decade ago, shedding light on the ongoing pursuit of justice in this complex unfair matter.

Source: Defi Media