Any Financial Establishment or person whose property has been or is about to be attached under this Act may, at anytime, apply to the Special Court for permission to give security in lieu of such attachment and where the security offered and given is in the opinion of the Special Court, satisfactory, and sufficient it may cancel, the adinterim order of attachment or, as the case may be refrain from passing the order under sub-section (6) of Section 7.
Section 9: Security in lieu of attachment
The Nagaland Protection of Interests of Depositors (in Financial Establishment) Act, 2014State Act of Nagaland · Act 9 of 2015
Where this provision sits
| Act | The Nagaland Protection of Interests of Depositors (in Financial Establishment) Act, 2014 |
|---|---|
| Section | 9 |
| Marginal note | Security in lieu of attachment |
| Jurisdiction | State of Nagaland |
| Status | In force as published by the source |
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