Returning of loan amount
Montiah
(Querist) 20 June 2011
This query is : Open
Hello
I have borrowed a loan from a person of different nationality in UAE. My understanding with him is that I will give the loan back within 2 years. The contract signed also says that the amount is payable in June 2013.
My question is
1. Since I have left UAE and come back to India, can the person lodge a case against me whether in UAE or India to return the money earlier since I do not reside in UAE anymore.
2. Can he create any kind of problem for me? Can he force me to sell my assets here in India to repay him back?
3. Am I obliged to give him any other documents legal or otherwise.
Please answer only if you know the legalities. I have been getting vague answers to my previous question. I feel I know more than those answering the question.
