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[Cites 0, Cited by 0] [Section 9(2)] [Section 9] [Entire Act]

State of Puducherry - Subsection

Section 9(2)(c) in Puducherry Protection of Interests of Depositors in Financial Establishments Act, 2004

(c)direct the Competent Authority to take possession of any assets belonging to or in the control of the Financial Establishment and sell, transfer or realize the attached assets either by public auction or by private sale as may be deemed fit, depending upon the nature of assets and credit the sale proceeds thereof to the bank accounts;