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[Cites 0, Cited by 0] [Section 40(9)] [Section 40] [Entire Act]

Union of India - Subsection

Section 40(9)(c) in The Industrial Reconstruction Bank Of India Act, 1984

(c)varying the order of attachment so as to release a portion of the property from attachment and directing the sale of the remainder of the attached property; and shall apply the proceeds of such sale for the discharge of the dues to the Reconstruction Bank and the residue of such proceeds, if any, shall be made over to the person entitled thereto, in accordance with his rights and interests;