Section 8(2) in The Maharashtra Protection of Interest of Depositors (In Financial Establishments) Act, 1999
(2)Where the said transferee does not appear and show cause on the specified date, or where after investigation in the manner provided in sub-section (5) of section 7, the Designated Court is satisfied that the transfer of the property to the said transferee was not in good faith and for consideration, the Designated Court shall order the attachment of so much of the said transferer's property as is in the opinion of the Designated Court equivalent to the proper value of the property transferred.
