https://www.taxtmi.com/caselaws?id=108913 Civil attachment under Order 21 Rule 54 of the Code of Civil Procedure does not create a charge, lien or preferential right in favour of the attaching creditor, so no secured status arises from that attachment alone. By contrast, attachment under the Criminal Law (Amendment) Ordinance, 1944 operates as a special statutory safeguard over property connected with scheduled offences and may support a conditional secured claim, but only if the criminal proceedings end in conviction and the finding required by Section 12 is recorded; until then, the attachment is not displaced by winding up proceedings or Section 446 of the Companies Act, 1956. en-us Wed, 22 Aug 2001 00:00:00 +0530 Wed, 04 Apr 2012 16:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108913 Civil attachment under Order 21 Rule 54 of the Code of Civil Procedure does not create a charge, lien or preferential right in favour of the attaching creditor, so no secured status arises from that attachment alone. By contrast, attachment under the Criminal Law (Amendment) Ordinance, 1944 operates as a special statutory safeguard over property connected with scheduled offences and may support a conditional secured claim, but only if the criminal proceedings end in conviction and the finding required by Section 12 is recorded; until then, the attachment is not displaced by winding up proceedings or Section 446 of the Companies Act, 1956. Case-Laws Companies Law Wed, 22 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108913