KCC 2740/2016
This case involved amounts owned to a bank by heirs of a deceased person. The treatment of an account on closure and death was also considered.
Background
A bank filed a case against the heirs of a deceased man before the court. The bank requested the court to order the heirs to pay 24607.579 Dinars and interest of 7%. The bank said that the heirs’ father had agreed an agreement to schedule his debt. The bank said that the heirs’ father had died before he paid the full value of the outstanding debt was paid. The bank said that the heirs refused to pay the outstanding debt.
The court ruled that the heirs should pay the bank the amount.
The bank appealed the ruling before the court of appeal. The court dismissed the appealed ruling on the interest payment and ruled that the heirs should pay the bank interest of 7%.