Atleast 9-banks from the UAE are in the process of initiating legal action against Indian defaulters to recover around Rs.50,000-crore, after New Delhi made the rulings of Emirati courts in civil cases-enforceable. While most of the cases involve corporate-loans taken by Dubai or Abu Dhabi-based subsidiaries of Indian-companies, action is also being planned against individuals, two people with direct knowledge of the matter said.