Questions & Answers
How to settle a civil case with the bank upon defaulting on a loan?
Good Morning Madam,
My name is R. A. I took a loan in 2016 for AED 240000 from a bank and in 2017 I lost my job. I paid around AED 100000 and they filed a criminal case in 2019.
I paid the penalty of 20000. Now they filed a civil case for a total of AED 168421.72. I am in India and I couldn't attend mediation because of Flight Service Ban.
Today is the first hearing session. Please advise what I should do.
Dear R.,
I would advise you to attend the hearing or at least appoint a lawyer to represent you before the court of law. Otherwise, you will lose the chance to defend the case.
You may even request the court to deduct the accumulated interest and for a payment plan to repay the actual outstanding without interest.
Please feel free to contact me at my phone number to discuss this in detail.
Regards,
Rajasree Ravivarma
