Any Financial Establishment or person whose property has been or is about to be attached under this Act may, at any time, apply to the Designated Court for permission to give security in lieu of such attachment and where the security offered and given is, in the opinion of the Designated Court, satisfactory and sufficient, it may cancel the order of attachment or as the case may be refrain from passing the order of attachment.
Section 10: Security in lieu of attachment
The Uttar Pradesh Protection of Interest of Depositors in Financial Establishments Act, 2016State Act of Uttar Pradesh · Act 16 of 2016
Where this provision sits
| Act | The Uttar Pradesh Protection of Interest of Depositors in Financial Establishments Act, 2016 |
|---|---|
| Section | 10 |
| Marginal note | Security in lieu of attachment |
| Jurisdiction | State of Uttar Pradesh |
| Status | In force as published by the source |
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