Requesting a grace period to settle obligations before the Execution Court is an important legal procedure for both individuals and companies.
This procedure comes as an opportunity for debtors to submit a formal request to the court aimed at extending the deadline for repayment of debts or financial obligations that may have become unable to be repaid on the specified deadline. Therefore, the process of requesting a repayment period is based on the principles of justice and fairness, as it provides an opportunity for debtors to regularize their situation. Finance without bearing the burden and damage to both parties.
In this article, we will discover the procedures for giving a deadline to the execution court and the steps followed in this context, and we will shed light on the importance of this procedure and how individuals and companies can benefit from it to avoid potential legal consequences, so follow us…….
What is the enforcement judgment issued by the enforcement court
The execution judgment is the last stage of litigation, and the plaintiff guarantees through the execution judgment the success of his case, and thus the judgment issued against the accused is executed.
And the execution judgment is issued when the individual receives a judicial judgment against him from the execution court, meaning that a person filed a claim that you owe him an amount of money, and in this case you must respond to the court’s lawsuit at the time stated in the court letter.
When the judgment is issued, the court has recognized the amount of money that you owe, and in the event that you do not commit to paying the amount that the Execution Court ruled, you will be forced to pay the financial dues owed to you.
Request for a time limit from the enforcement court
Requesting a time limit to pay the financial claim from the Execution Court is a procedure that depends on the discretion of the judge in the Execution Court. Discretionary power to accept or reject the application and determine the period in which the deadline is extended if the application is approved.
And if the request is accepted and the deadline is extended, the debt will be obligated to pay the amount due on the new date that has been set, and this procedure gives the debtor an opportunity to regulate its financial conditions and adhere to financial obligations without being exposed to legal consequences..
Is it possible to request a grace period from the enforcement court?
Yes, and these are some of the cases in which a request for a respite from the Execution Court is accepted:
- If the person executed against him has government extracts awaiting payment, the judge may give a grace period to the person executed against him after verifying the validity of these extracts.
- If the amounts are very large and cannot be repaid in a short time.
- If it appears to the circuit that raising Decision No. 46 would be in the interest of the applicant.
- If the executor owns shares in limited liability companies or closed joint-stock companies, giving the grace period will be of greater benefit and his chances for the executor to pay his obligations.
- If the person executed against him has a disease that is fatal and there is no treatment for him inside the Kingdom and requires travel, the judge may, after verifying the validity of the reports, give a respite.
Conditions for obtaining a grace period from the enforcement court
- The will of the judge is not sufficient to give the execution deadline, but the approval of the execution requester must first, and therefore the two parties to the contract must agree on the time limit set by the judge.
- In the event that the execution applicant does not agree to give a grace period against him, the grace period shall not be given to him except in some cases that the judge deems necessary.
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How to request a timeout from the enforcement court
There are some steps that you must follow in order to be able to request a grace period from the Execution Court, represented in writing your request, submitting it to the Execution Court, and paying the required judicial fees. If your request is approved, you must appear before the court, and here are all the steps in detail:
- Write your request clearly, including information about the case and the reasons for requesting a grace period, and specifying the required period for the proposed grace period.
- You have to submit your application to the Execution Court that handles the case, and you can do this by submitting the application yourself at the court office, or by sending it via registered mail, or using the Najez website.
- You must ensure that you have added all the supporting documents that may support your application by the deadline, such as financial documents or legal documents.
- You have to pay the judicial fees to submit the application for a respite, check the required fees and the methods available for payment, and make sure to adhere to these procedures.
- After you submit your application, it will be reviewed by the court, and you must follow up on the status of the application and the dates set for subsequent hearings or summonses.
- In the event that your application is approved, you may be required to appear before the court at the scheduled hearing, where the application will be discussed and a final decision will be taken.
Installment of the amount at the Execution Court
The installment of the amount is a discretionary authority for the execution judge, and it is according to the size of the amount and the debtor’s financial ability to pay it. If the installment is approved, a specific amount will be paid at certain intervals, and the creditor will not be able to take any enforceable action against it.
How long is the grace period in implementation?
The time limit for paying the financial claim depends on the judgment of the Execution Court judge and is subject to change according to the debtor’s circumstances, in addition to the size of the financial claim and the debtor’s ability to pay it.
Hiring a Commercial Lawyer in Saudi Arabia
If you have a dispute related to business, and you want to resort to litigation, do not hesitate to contact the commercial system experts at Al Othman Law Firm, because they have legal experts with more than 15 years of experience in commercial systems, and the expertise of their staff of consultants exceeds more than 22 years in Saudi commercial systems, and Al Othman Company includes the best commercial lawyer in Saudi Arabia and Riyadh.
Al Othman Lawyers and Consultants Office is pleased to serve you, so do not hesitate to contact them and consult them, as Al Othman Law Firm is one of the best offices in the Kingdom.
Call the commercial law experts at Al Othman office on +966-535-008-888
What do you do if you receive a letter from the Execution Court?
If you receive a letter from the Execution Court, you must know what the content of the letter is, and then take appropriate legal action within 24 hours of receiving the letter.
Functions of the Execution Court in Saudi Arabia
The execution judge is competent to adjudicate execution disputes, regardless of their value, in accordance with the provisions of the summary court, and is also competent to issue decisions and orders related to execution, and he has the authority to order the assistance of the police or the competent force, as well as to order banning and lifting travel, ordering imprisonment and release, ordering the disclosure of assets, and examining the case. insolvency suit.
Inquiry about a request to implement an ID number
- You must first go to the site dedicated to the implementation request.
- Click on the Execution Request Inquiry icon.
- Enter the ID number you wish to inquire about.
- Once you enter your ID number, you will see all the information you need.
Conditions for requesting the introduction of the executive bond
The admission decision must be made by a written decision from the circuit judge, and the execution applicant must be informed of this decision and that the decision is subject to objection.
Conclusion
To this we have come to the end of the article, in which we talked about the conditions for giving a grace period to the execution court, which you must be aware of, and do not always forget the importance of dealing with a lawyer specialized in financial issues to ensure the provision of correct legal advice and strong legal representation, by adhering to With the right conditions and procedures.
Call the commercial law experts at Al Othman office on +966-535-008-888
