Section 13 in Uttarakhand Protection of Interests of Depositors (In Financial Establishments) Act, 2005
13. Security in lieu of attachment.
- Any Financial Establishment or person whose property has been of is about to be attached under this Act may, at any time, apply to the Designated Court for permission to give security in lieu of such attachment and where the security offered and given is, in the opinion of the Designated Court, satisfactory and sufficient, it may cancel the order of attachment or, as the case may be, refrain from passing the order of attachment.
