sct 366/2019

KAMARI BANK v KAYLIB [2019] DIFC SCT 366 — Enforceability of personal loan and credit card debt in the absence of a formal defence (31 October 2019)

The dispute concerned the recovery of outstanding balances arising from a personal loan and a credit card facility provided by Kamari Bank (PJSC) to the defendant, Ms. Kaylib. The parties had entered into a written agreement on 7 April 2016, which facilitated a loan of AED 250,000 and a credit card…