sct 371/2022

LUMRIT v LITIF [2022] DIFC SCT 371 — Enforcement of loan arrears and post-judgment interest (25 November 2022)

The dispute concerned the recovery of outstanding loan arrears arising from a 2015 credit agreement. The Claimant, a bank, initiated proceedings to recover a total of AED 224,170.27, representing the unpaid balance of an original AED 500,000 loan that had fallen into arrears in early 2019.