sct 112/2019

JAAL BANK v JASA [2019] DIFC SCT 112 — Personal liability for corporate-funded loans (19 June 2019)

The Claimant, Jaal Bank (PJSC), initiated proceedings against the Defendant, Jasa, to recover funds arising from a personal finance agreement. The dispute centered on the Defendant’s failure to maintain repayment installments following a 2018 loan restructuring.