Ipshita Commercial Bank (Pjsc) v Iffat [2018] DIFC SCT 183 (29 June 2018)

Ipshita Commercial Bank (Pjsc) v Iffat [2018] DIFC SCT 183 (29 June 2018)

Defendant admitted liability for the outstanding loan amount; valid and binding agreement exists; claimant is owed AED 219,351.91 plus interest and court fees.

Source-derived case information.

Citation
[2018] DIFC SCT 183
Parties
Claimant: Ipshita Commercial Bank (PJSC); Defendant: Iffat
Jurisdiction
United Arab Emirates
Judgment Date
29 June 2018
Procedural Posture
Small Claims Tribunal / Final Judgment
Outcome
judgment for claimant
Legal Topics
Loan Agreement, Repayment of Debt, Interest, Court Fees
Banking Contract Loan Agreement Repayment of Debt Interest Court Fees

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Parties

Ipshita Commercial Bank (PJSC)

Claimant

Iffat

Defendant

Procedural Posture

Small Claims Tribunal / Final Judgment

Legal Issues

  1. 1 Is the defendant liable to repay the outstanding loan amount under the agreement?
  2. 2 Is the claimant entitled to interest and court fees?

Ratio Decidendi

Defendant admitted liability for the outstanding loan amount; valid and binding agreement exists; claimant is owed AED 219,351.91 plus interest and court fees.

Court Disposition

judgment for claimant

Orders

  • Defendant to pay claimant AED 219,351.91 plus interest at 9% per annum.
  • Defendant to pay claimant court fees of AED 10,967.59.