Pleas advice? In the general legal parlance, it may be advised that, if the cheques have not passed their pay-by date, you may elect to present the cheques at the concerned banks.
The place of the bank, where the cheque was dishonoured or the place where the cheque was handed? According to Central Bank data, cheques worth Dh Under the UAE law, criminal penalties such as detention and fine can be imposed on individuals in case of bounced cheques. You should fill the cheques and present for encashment.
In pursuance, if you do not receive any further information from the concerned bank, it may be presumed that your complaint was duly taken note of and the late payment penalties have now been waived.
It is presumed that you lent the money on friendly basis, without any interest to be levied.
Picture used for illustrative purposes alone Alamy Image The drawee may pay the cheque even after the expiry of the time fixed for its presentation. Pursuant to the same, you may file a complaint at the competent police station.
And in this regard, you may note the period of limitation for filing of suits as such. For sure, no business or individual would like to be in a scenario where they don't have cheque books to conduct a financial transaction as it means they are not creditworthy according to new rules," Khairajani said.
The accused will be declared Proclaimed Offender and can be arrested at any time. I had lent Dh10, to a friend of mine. Since they owe me some money which I had given to them as a loan.