How to restructure my outstanding loan with the bank that doubled the debt amount?

There are several possibilities for this case. We will negotiate with the bank hence the balance was only AED 150K and if they have initiated any legal action, we have to submit an objection during these stages.

We can request the court to reduce this amount and ask for easy payment options.

It will be better if you hire a lawyer for the same. Share your WhatsApp number if you want to go with the services.

Dear Questioner,

Thanks for your inquiry.

That being said, in general, if you have an email from the bank stating that the liability is only for AED 150,000, then you may have a strong case to dispute the AED 300,000 amount being claimed by the bank.

You can present this email as evidence in court to support your argument.

Additionally, since you have already resolved the issue with the court and paid the fine, it is possible that the bank may not have a valid reason to file a cheque execution case against you.

It is important to review the terms and conditions of your loan agreement and any other relevant documents to determine if the bank has the right to initiate such a case.

If you believe that the bank is not acting in accordance with the terms of your agreement, you can consider filing a complaint with the Central Bank of the UAE.

They have a consumer protection department that handles complaints against banks and financial institutions.

In terms of requesting an installment option for the original amount of AED 150,000, you can try negotiating with the bank directly.

However, if they do not agree, you may need to seek legal assistance to dispute the case and present your evidence in court, and we can help you with that, please feel free to contact us by email.

Regards

Dear Questioner

We can either negotiate with the bank for the said offer and remove the case in the court or we can directly defend in court on behalf of you to quash the case and make a request before the court for the said payment plan.

If you need our assistance in said matter please share your Whatsapp number.

Thank you for reaching out to me with the details of your situation. I understand the complexities surrounding your case and the challenges you are facing. I appreciate your trust in seeking legal guidance.

Based on the information provided, it seems there was a significant discrepancy in the loan restructuring agreement, leading to a dispute and subsequent legal proceedings.

I am here to assist you in navigating through this matter and achieving the most favorable outcome.

To proceed in your case, I recommend the following steps:

Document Review:

Please gather all relevant documents, including the email from the bank stating the liability after the case filing, the loan restructuring agreement, and any correspondence related to the discrepancy.

Legal Consultation:

Let's schedule a consultation to discuss the specifics of your case in detail. This will allow me to provide you with personalized advice and outline the best course of action to address the cheque execution case and travel ban.

Negotiation with the Bank:

I will work on your behalf to negotiate with the bank for an installment option for the original amount of AED 150,000, in line with the information provided in the email. We will aim to resolve the matter amicably and avoid further legal complications.

Case Strategy:

I will formulate a comprehensive legal strategy based on the details of your case, ensuring that your rights are protected throughout the legal process.

To schedule a consultation and discuss the next steps, please feel free to reach out to me via WhatsApp or phone.

Your prompt action in this matter is crucial, and I am committed to providing you with the support needed to navigate through these legal challenges.

Dear Client,

Thanks for your question, I hope you are doing well. I will definitely assist you in this matter.

To address the discrepancy between the bank's email stating a liability of AED 150,000 and the AED 300,000 in the cheque execution case, take the following steps:

Contact the bank to seek clarification and negotiate for a settlement of the original AED 150,000 without interest discounts.

Gather all relevant documents and consult with us for guidance. If negotiations fail, consider mediation or be prepared for potential court proceedings.

For any further legal assistance, you can WhatsApp us. We have an extensive team of knowledgeable and experienced lawyers to provide the legal assistance you need.

We will definitely be happy to help you.

Thanks & Regards

ABDUL WAHIED