- Last year, 16,289 cases were settled out of court
- It is hoped that with the increasing digitalization of cash transactions, check misuse will be prevented
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However, it will be a criminal offense to withdraw money from the account or deliberately transfer money after paying the check. Authorities hope to curb the misuse of checks as cash transactions become more digital. Check cases will now be settled out of court. There is a situation now where even small cases reach the court. This will help you to avoid it. Dubai Attorney General Issam al-Humaidan said 83 percent of check cases were settled out of court this year. Last year, 16,289 such cases were settled out of court.
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The new law stipulates that if there is no money in the account equal to the amount in the check issued at the bank, the amount in the account must be paid. Bank officials will check the balance to be paid. If this amount is not received on time, the civil court can be approached. If he fails to pay, his bank account will be frozen and his assets will be confiscated. He will be jailed only if he has no assets.
Earlier it was a criminal case if the amount paid by the check was not in the account. Banks should immediately inform the Central Bank in case of return of checks. If the checks of an individual and an institution are returned consecutively, the check book will no longer be issued to those individuals and entities.
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