Q: I have 2 bank loan cases. For 1 bank I have paid most of its amount. What will be the consequences if we take the case to the court? A: When the cheque amount is more than 200k it ends up with a judgment for imprisonment. You can defend the case based on your repayment details…

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Defaulting on a business loan and possible cases

I have 2 bank loan cases and it’s not a personal loan, it was a business loan. The amount on the cheques is 370k and 490k

But for 1 bank I have paid most of its amount, and according to me, there will be an outstanding amount of 200k.

What will be the consequences if we take the case to the court?

Sudhanshu Singh

Al Nassar Advocates & Legal Consultants

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14 Aug 2019, 12:05

Hi there,

What kind of case you want to file and what's your actual grievance.

Thanks,

Sudhanshu Singh

00971523782456

sudhanshu@alnassaradvocates.com

14 Aug 2019, 17:00

It's just a criminal case which is on me in 2 different police stations.

Can a bank file another case on top of the criminal case such as a civil case?

According to me, I want to finish one case as I know I have paid a lot to that bank and still, they are asking me to give a security cheque of the same amount I took from them.

And another bank I have paid a few installments, but I’m not able to pay any more as I invested in a business but I had a big loss in that business and I closed it down within 6 months.

14 Aug 2019, 19:32

Yes,

The bank has the rights to file both, civil and criminal cases.

So the first step is to check the status of cases, clear the one with less outstanding and deal with the other one afterwards.

Kindly send a copy of your passport, visa and Emirates ID.

Thanks,

14 Aug 2019, 20:22

I have emailed you the passport copy. Kindly check and let me know.

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Dr Amira Al Bastaki

Dr Amira Al Bastaki Advocates and Legal Consultants

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15 Aug 2019, 08:12

Hi Sir,

Please contact us, and we can help you to settle with the banks before they file a case against you.

Please contact us.

15 Aug 2019, 08:32

I already have 2 cases on me. I just want to know if it’s a civil or a criminal case?

If it's a criminal, then can they go for another civil case or no?

18 Aug 2019, 11:09

Good Day Dear,

Yes, after the criminal case, they can go for a civil case.

Don't hesitate to contact us for any further calcification if needed.

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Anitha Rajeev

Al Nassar Advocates & Legal Consultants

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15 Aug 2019, 11:30

Dear Questioner,

Thanks for contacting online.

Usually, when the cheque amount is more than 200k it ends up with a judgment for imprisonment.

Even though you paid a major part of the loan amount, the case would be for the cheque which you have given.

But still, you can defend the case based on your repayment details. Once the criminal cases are over, the bank has the liberty to go ahead with civil cases as well.

Hope this is clear for you.

Please feel free to contact me at 0556635526 or Whatsapp me at 0508575526 if you need any kind of assistance or clarification.

Regards,

Anitha Rajeev

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