Legal Question in Banking Law in India
Could Co oprative bank attach F.D. amount ? Which F.D, is in Nationalise Bank for there loan recovery by recovery officer u/s 101 act the order issued by Registar.
Asked on 12/31/10, 4:13 am
1 Answer from Attorneys
J. Radhakrishnan
independent Practice
yes, it can, by issue of garnishee order on the bank in which the deposit is held whether nationlised or other wise.
Answered on 12/31/10, 6:59 am
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