16 July 2013

Signed by: Christopher Grout, Acting Registrar of the QFC Regulatory Tribunal on behalf of the Tribunal

Introduction

1. On 6 June 2010 the Court made an order for the winding up of the AJ Mal Bank LLC ("'the Bank"), pursuant to Articles 77(2) and 78(1)(A) of the QFC Insolvency Regulations, and appointed Joanne Kim Rolls and Steven John Parker, who were insolvency practitioners in RSM Tenon, to act as Joint Liquidators ("the Joint Liquidators"). The Bank had been incorporated on 3 December 2008, and on the 16 August 2009 it had been authorised to commence regulated business activities.

2. On 5 April 2013 the Joint Liquidators received from the respondent, a former employee of the Bank, a claim in the liquidation amounting to QAR 210,736.85. On 8 April 2013 the Joint Liquidators by email rejected his claim. As the respondent disputed the rejection of his claim, the Joint Liquidators on 9 April 2013 presented this application to the Court under Article 95(1 ) of the insolvency Regulations for the Court to determine whether he was permitted to submit the claim. This judgment sets out the Court's determination.