Debts
VIKAS
(Querist) 20 October 2017
This query is : Resolved
Hi,
My friend went to the UAE for work in 2010 and he came back in 2015.
He has got some pending debts of few banks over there. His intention is to pay, but at present his financial condition is not good.
I would like to know the following :
- WHAT IS THE JURISIDICATION OF UAE BANKS
- IS THERE ANY TREATY SIGNED BETWEEN TWO COUNTRIES?
- WHAT ACTIONS THEIR BANKS CAN TAKE. HE IS GETTING THE LEGAL NOTICES/THREATNING MESSAGES ON HIS EMAIL ID.
Please advice on the above in detail.
Thks,
Rajendra K Goyal
(Expert) 20 October 2017
Please go through the treaty at :
http://lawmin.nic.in/treaty/uae.htm
Article at following link is also useful:
https://www.legalindia.com/enforcement-of-foreign-decrees-judgement-in-india/
Nitish Banka
(Expert) 20 October 2017
Foreign decrees can be executed in India. it depend on proceedings
Dr J C Vashista
(Expert) 21 October 2017
Advise your friend to consult and engage a local prudent lawyer if he is interested in getting some favourable relief, otherwise, prima facie it is an academic query.