SC Upholds State’s Power to Attach Properties of ‘Defaulting’ Financial Establishments - 17.05.2017

Supreme Court has upheld State's power to issue ad interim order u/s 3 of Tamil Nadu Protection of Interests of Depositors Act, 1997, attaching immovable properties belonging to a financial establishment which defaults in returning deposits after maturity.

Tags : Supreme Court Tamil Nadu Protection of Interests of Depositors Act 1997

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