Questions & Answers
Consequences of a bounced security cheque after failing to pay loan installments
Good day,
Look forward to your kind legal advice for my query below.
I am a resident of Dubai (Indian national) and I have an outstanding loan of AED 120000 with ADCB bank and they had bounced my security cheque on 15.11.2017 with amount mentioning AED 1400000 as I have defaulted last 3 EMI's (including November).
I tried my best by consulting bank's collection executives saying I can pay 1 EMI right now and remaining in next few days but no use.
- What will be the lead time for them filing a case against me?
- Can I walk out of police station by paying fine? If yes, how much?
- If sentenced, then how many days/months will I be in jail?
- My residence visa expired on 17.11.2017 and company said they will renew in next few days. Will it affect me coming out by surrendering passport?
- Can I change job & visa if I have a case against me open?
Looking forward to your kind advice and suggestions so I can plan accordingly.
Many Thanks,
HK
What will be the lead time for them filing a case against me?
- Any time up to them
Can I walk out of police station by paying fine? If yes, how much?
- Depends on the cheque amount
If sentenced, then how many days/months will I be in jail?
- Depends on the days decided by the judge
My residence visa expired on 17.11.2017 and company said they will renew in next few days. Will it affect me coming out by surrendering passport?
- If you overstay then that means trouble too. To surrender passport must be valid. if you need to paste the visa you will need the passport.
Can I change job & visa if I have a case against me open?
- You can change the job but your employer will come to know you have a pending case and unless that is cleared with a clearance letter - your passport will not be returned.
