Sharjah court lifts arrest warrant in Dh2m debt case
Gulf News · Aghaddir Ali ·
Sharjah court cancels arrest warrant for Gulf national after proof of insolvency application acceptance by Dubai Courts over Dh2m debt.
Debtor secures relief after proving his insolvency application was accepted.
Sharjah: A Sharjah court has cancelled an arrest warrant against a Gulf national over a debt exceeding Dh2 million after he submitted proof that Dubai Courts had accepted his insolvency application.
The Sharjah Civil Execution Court's decision followed the debtor's request to suspend arrest proceedings while his insolvency case was being considered in Dubai. The creditor had also sought the seizure of his bank accounts, properties, vehicles, shares and other assets to recover the outstanding debt.
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