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I want to know as per the new cheque law what is the time limit to file execution
Dear Sir/Madam,
I want to know as per the new cheque bounce law, what is the time limit to file execution, 3 years or 5 years?
I have bounced a cheque for 17000 in April 2017 and I filed a criminal case and he paid the fine.
Now, after 5 years, can I open execution on him?
Regards
21 Dec 2022, 09:05
The right of the person holding the cheque shall be forfeited upon conducting all legal procedures, which is after two years have passed from the date specified for the expiry of the payment of the cheque.
And this is because the limitation period for the cheque in the UAE law is only two years.
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