Any creditor, who commits any of the following acts shall be punished with imprisonment for a period not exceeding (2) two years and / or a fine not exceeding (AED 200,000) two hundred thousand UAE dirhams: 1. Deliberately overstated their debts. 2. Took part in deliberations or voting while knowing that they are legally prohibited from doing so. 3. Enter into a secret agreement with the debtor, whereby they are granted special benefits to the detriment of the rest of the creditors, while being aware of the same.
Interpretation and application must be checked against the official text and current version.
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