Recovery of competition penalty: unpaid demand leads to deemed default and enforcement by attachment and sale of assets. Form notifying that a monetary penalty has been imposed, a demand notice remained unpaid and the enterprise is deemed in default, authorising recovery under the Regulations through prescribed modes and specified enforcement measures, including attachment and sale of movable and immovable property, with formalities for place, date and recovery officer signature and seal.
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.
Recovery of competition penalty: unpaid demand leads to deemed default and enforcement by attachment and sale of assets.
Form notifying that a monetary penalty has been imposed, a demand notice remained unpaid and the enterprise is deemed in default, authorising recovery under the Regulations through prescribed modes and specified enforcement measures, including attachment and sale of movable and immovable property, with formalities for place, date and recovery officer signature and seal.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.