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State of Odisha - Section

Section 52 in The Orissa Chit Funds Rules, 1985

52. Procedure for the custody of property attachment under Section 68.

(1)Where the property to be attached is movable property, other than agricultural produce in the possession of the debtor the attachment shall be made by actual seizure and the attaching officer shall keep the property in his own custody or in the custody of one of his subordinates, or of a Receiver, if one is appointed under Sub-rule (2) and shall be responsible for due custody thereof :Provided that when the property seized is subject to speedy and natural decay, or when the expenses of keeping it in custody is likely to exceed its value, the attaching officer may sell it at once in public auction, where the owner may also be allowed to bid if he so likes. The sale proceeds thus obtained shall be deposited by the attaching officer in the Treasury till the disposal of the case or till further order is passed.
(2)Where it appears to the officer ordering conditional attachment under Section 68 to be just and convenient, he may appoint a Receiver for the custody of the movable property attached under that section and his duties and liabilities shall be identical with those of a Receiver appointed under Order XL in the First Schedule to the Code of Civil Procedure, 1908.
(3)
(i)Where the property to be attached is immovable, the attachment shall be made by an order prohibiting the debtor from transferring or changing the property in any way, all persons from taking any benefit from such transfer or change.
(ii)The order shall be proclaimed at same place on, or adjacent to, such property by beat of drum or other customary mode, and a copy of the order shall be fixed on a conspicuous part of the property and upon a conspicuous part of the village chavdi, and where the property is land paying revenue to the State Government also in the office of the Collector of the district and in the office of the Tahasildar within whose jurisdiction the property is situated.