Attachment confirmation requires notice to claimants and may order sale and realisation for depositor restitution. Designated Court confirmation of provisional attachment requires notice to the deposit taker and interested claimants, opportunity to show cause, and may result in making the attachment absolute, varying it, or cancelling it; where attachment is maintained the court directs sale by public auction or private sale and realisation of proceeds for equitable distribution to depositors, subject to the court being satisfied that the person has an interest and sufficient assets remain for depositor repayment.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Attachment confirmation requires notice to claimants and may order sale and realisation for depositor restitution.
Designated Court confirmation of provisional attachment requires notice to the deposit taker and interested claimants, opportunity to show cause, and may result in making the attachment absolute, varying it, or cancelling it; where attachment is maintained the court directs sale by public auction or private sale and realisation of proceeds for equitable distribution to depositors, subject to the court being satisfied that the person has an interest and sufficient assets remain for depositor repayment.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.