33 C
Dubai
Saturday, June 21, 2025
spot_img

Man in dock after two invalid checks worth Dhs100,000 were written out in Abu Dhabi

[ad_1]

Pictures are for illustrative purposes only.

Abdulrahman Saeed, Journalist

The Abu Dhabi Commercial Court ruled that a person who writes two invalid checks to another person in a business transaction worth AED 100,000 is obliged to return the money and pay a delayed interest of 5% per annum from the date of filing the suit, until full payment is made.

The details of the case date back to an earlier time when someone filed a lawsuit against the suspect, obliging him to pay Dh100,000, and 12% interest on delay per annum from the date of the bounced check. Two checks until full payment, in addition to AED 10,000 to compensate the appellant for material and moral damages suffered.

The appellant explained that the respondent had written him two checks of Dh100,000 in a business transaction between them, but when he went to cash them, they were returned due to insufficient balance and when he asked him to When paying, he refused.

The court clarified that the appellee was brought before the criminal court for giving the appellant two invalid checks of AED 100,000, the checks bounced and he was convicted by the criminal verdict.

The court added that the respondent did not appear to have figured out the value of the two checks, and therefore he was obliged to pay the appellant the amount of the two checks in addition to the deferred interest of 5% per annum.



[ad_2]

Source link

Related Articles

Abu Dhabi and Dubai Light Up: Star-Studded Concerts Featuring Enrique Iglesias, Limp Bizkit & Mary J. Blige

Abu Dhabi and Dubai are gearing up to host a spectacular series of concerts featuring internationally acclaimed artists, promising a vibrant season of live...

‘Make it in the Emirates’ Forum Unveils Future-Ready Industries

'Make it in the Emirates' forum opened with significant anticipation and enthusiasm in Abu Dhabi, drawing key stakeholders from across the industrial, economic, and...

Mavent Restructuring Services LLP: Reinventing the Future of Corporate Turnaround

In a world where businesses are constantly navigating storms—economic shifts, market disruptions, and financial turbulence—some sink, and others evolve. Enter Mavent Restructuring Services LLP,...

Global Rankings Leader U.S. News & World Report Enters India with Investment in The Red Pen

With a growing appetite for international education among Indian students, this new partnership is set to reshape how families approach global admissions. For years, The...

Age Is Just the Beginning: How Hardik Dewan Is Transforming Youth Potential into Power

The Teenager Who’s Already Shaping India’s Future At an age when most are still figuring out college applications or their first internships, Hardik Kumar Dewan...

Latest Articles