TMI BlogConfirmation of attachment by Designated Court.X X X X Extracts X X X X X X X X Extracts X X X X ..... under section 14, to show cause, within a period of thirty days from the date of issue of notice, as to why the order of attachment should not be made absolute and the properties so attached be sold. (2) The Designated Court shall also issue notice to all other persons represented to it as having or being likely to claim any interest or title in the property, to appear on the same date as p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... it taker or the person referred to in sub -section (1) has interest in such property; and (b) there shall remain an amount or property sufficient for repayment to the depositors of such deposit taker. (5) The Designated Court shall pass such order or issue such direction as may be necessary for the equitable distribution among the depositors of the money attached or realised out of the sale. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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