Attachment of Property in lieu of Execution Of Decree
18-Jan-2023 (In Civil Law)
What will be the procedure of attachment of Bank Account of a Judgement Debtor in lieu of execution of Decree? Under which rule of Order 21 will it be covered? The decree holder don't know about the details of property of the Judgement Debtor. Though the details of his bank account are with him. So kindly help me regarding the particular issue.
Query perused. I would advise you to file an application under order 21 rule 42 cpc for attachment of the bank accounts before the concerned Court where you have filed the execution. For further consultancy and legal services you may contact us .
What is the provision for attachment of bank account?
When tax authorities suspect that a taxpayer will dispose of assets or avoid paying taxes, they may temporarily attach a bank account as a precaution. It gives the tax department the tools to protect the revenues interests and prevent tax fraud. 11-Jul-2023
What happens when a bank account is attached?
The bank will not overdraw your account. The attachment is based on the balance of the account at the time the order was received. The bank cannot leave your account in a negative balance, even if the amount is not enough to cover the debt.
The bank account is the property that can be attached by the court to satisfy the decree.
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