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FEMA - Highlights / Catch Notes

Home Highlights September 2020 Year 2020 This

Seizure and attachment of the bank account - Since it is an ...

Case Laws     FEMA

September 11, 2020

Seizure and attachment of the bank account - Since it is an admitted fact that the subject matter bank account is not so far issued with any order of attachment or freezing the account, it is open to the first respondent to pass any such order within a period of 30 days from the date of receipt of a copy of this order - If the first respondent has not chosen to pass any attachment order as stated supra, the petitioner shall not be prevented from operating the bank account. - HC

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