https://www.taxtmi.com/caselaws?id=113313 The High Court of Kerala ruled that a membership card in a stock exchange is not the property of the member and cannot be sold in execution proceedings. The court emphasized statutory provisions and held that the direction for the sale of the membership card was without jurisdiction, making it inexecutable. The court set aside the order directing the sale of the membership card and granted the decree holder the right to realize the debt from the judgment debtors' property. en-us Fri, 26 Mar 2010 00:00:00 +0530 Mon, 13 Oct 2014 14:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113313 The High Court of Kerala ruled that a membership card in a stock exchange is not the property of the member and cannot be sold in execution proceedings. The court emphasized statutory provisions and held that the direction for the sale of the membership card was without jurisdiction, making it inexecutable. The court set aside the order directing the sale of the membership card and granted the decree holder the right to realize the debt from the judgment debtors' property. Case-Laws Companies Law Fri, 26 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113313