Questions & Answers
Criminal case for defaulting on the payments of a loan
Dear Sir,
The bank filed a criminal case against me for security bounced cheque of AED 220,000/-.
Actually, I took a personal loan for AED 162,000/- only for 48 months and the EMI per month is 4,538/-. I have paid 30 EMI for AED 140,000/-. I didn't pay the EMIs last few months.
So the bank deposited my security cheque for full value. What is the expected fine or judgement for the above?
How long it will the case filed in Dubai police station take?
Thanks and regards,
N.
Hi there,
The fine and judgment depend upon the emirate as well as the court where it has been filed.
Since the value of cheque which got bounced is above 200K, you should take it seriously and get it resolved asap.
The fine can be paid once you are produced in the court after your file is transferred.
Please call me on 0523782456 if you need to understand it in further detail.
