Payment in lieu of attachment permits deposit of property's fair value with court approval, subject to possible costs. A deposit taker, person treated as a deposit taker, or a transferee facing imminent or provisional attachment may, before confirmation of attachment, apply to the Designated Court to deposit the fair value of the property in lieu of attachment; the Designated Court may require payment of applicable costs when allowing such a deposit.
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.
Payment in lieu of attachment permits deposit of property's fair value with court approval, subject to possible costs.
A deposit taker, person treated as a deposit taker, or a transferee facing imminent or provisional attachment may, before confirmation of attachment, apply to the Designated Court to deposit the fair value of the property in lieu of attachment; the Designated Court may require payment of applicable costs when allowing such a deposit.
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