Legal Question in Banking Law in India
What is the effect of attachment of property of the accused company u/s 138 NI Act?
Asked on 11/30/10, 4:17 am
1 Answer from Attorneys
Adv Meenal Kashyap
M Kashyap & Associates
There can not be any attachment under section 138 NI Act, where as if recovery suit is filed your property will be attached.
After attachment , there will be sale of the property for the recovery of disputed amount ( Decreed Amount)
Answered on 11/30/10, 4:28 am
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