They may send their arrest warrant to Indian court and if there is treaty among countries then India will definatly take action against you to send u behind bars.

Regards

adv.kamal.grover@gmail.com

You have to give any correspondence that these UAE banks had with you to a lawyer and ask for his advice.

they an initiate the process of recovery of their dues in india but you can defend your case and pay through flexible instalments. even though the bank doesnt have a branch in india, they can sue you through their attorney in india.