https://www.taxtmi.com/caselaws?id=162337 Section 14 garnishee recovery under the Karnataka Sales Tax Act applies only to money presently due, or held under an existing enforceable obligation to pay, to the dealer. A security deposit under a subsisting licence agreement is contingent and does not constitute a debt in existence while the contract continues, because refund becomes due only on expiry or termination. On that basis, the security deposit was not attachable at the time of the notices, and the attachment notices were quashed. en-us Tue, 22 Mar 2005 00:00:00 +0530 Tue, 25 Feb 2014 11:59:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162337 Section 14 garnishee recovery under the Karnataka Sales Tax Act applies only to money presently due, or held under an existing enforceable obligation to pay, to the dealer. A security deposit under a subsisting licence agreement is contingent and does not constitute a debt in existence while the contract continues, because refund becomes due only on expiry or termination. On that basis, the security deposit was not attachable at the time of the notices, and the attachment notices were quashed. Case-Laws VAT and Sales Tax Tue, 22 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162337