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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.