Questions & Answers
Defaulting on the payment of bank dues and subsequent proceedings
I have an auto loan, personal loan, and 3 credit cards in Dubai, all together sum to liability up to 75000.
EMIs for all the above are not paid and defaulted for the last six months because of unemployment. Now, I am out of the UAE. I am planning to go back to the UAE by next week.
I am afraid if there is any police case against my debts. If there is any police case, then what are the consequences and how can I resolve this, and how much would be the court fine if I get a chance to settle in court?
Dear Sir/ Madam,
Thank you for getting in touch with me on this.
Considering you have defaulted in paying the bank dues, the bank must have bounced your security cheque and filed a police case against you.
Whenever a police case is registered, there is an automatic travel ban issued and a fine judgement levied against the signatory of the cheque.
Hence, when you intend on travelling to the UAE, there is a possibility that you will be arrested and taken to the police station. Wherein you will have to pay the fine and get release papers.
I trust you will find the above appropriate.
Regards,
Hari Wadhwana
