The procedure regarding the seizure of the promissory notes.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... pecified. It has been suggested to the board that an order merely restraining the lender from parting with promissory notes would be ineffective as the lender can realise the debt by issuing a receipt discharging the debtor from any further liability. This is a possibility which has to be kept in mind in dealing with such cases. 2. If the assessees have other tangible assets and the recovery of .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X