India, Feb. 14 -- The Supreme Court has heard arguments in the high-stakes enforcement proceedings arising from a UAE civil judgment against Hyderabad-based industrialist Nimmagadda Prasad, and hinted that substantial security may be needed if the judgement debtor wanted to contest the decree.

A bench comprising Chief Justice Surya Kant and Justice Joymalya Bagchi heard the submissions in part and deferred the arguments on behalf of Matrix Pharmacorp Pvt Ltd and Nimmagadda Prasad to February 25.

The bench expressed strong displeasure over what it characterised as a "mockery of the law" through the systematic dissipation of assets and dilatory tactics.

Representing the Ras Al Khaimah Investment Authority (RAKIA), the investment arm of t...