If you want to take money from somebody and you have
documented proof for that, it means that you are entitled to recover money from
that person. There are Two ways to
recover money:
1. By filing
suit in Court
2. By Issuing
Garnish order from Court
By Filing
Suit in Court:
You can file a suit in court to recover money from a person.
To recover money through court is a lengthy process.
By Issuing
Garnish order from Court:
The other way to recover money from a person is that; to
request to the court to issue
Garnish Order. It is a quick
process and it is commonly used if there is a threat that the other person is
going abroad.
Garnish
Order:
Garnish order is an order by the court to the bank that in
particular accounts no Debit transaction will be carried out. When garnish
Order issued by the court against a Account’s Holder, he could not withdraw a
single rupee amount from the account. Account holder, whose account is freeze,
come to court and give his statement about the case. After that trial he will
be carried out.
Example 1:
If a person claims 25 Lac rupees and after that trial it is
prove that he is entitled to recover only 5 Lac. In this case, Court issue
order to the Bank that pays 5 Lac rupees from person holder’s account to person
claiming only.
Example 2:
If a person claims 25 Lac rupees from an account holder.
Court asks the Bank about the Balance in that person’s account. Suppose in that
account, balance is 1 Million, which
is much less that claimed amount. In this case, court will not freeze the whole
account but issue Garnish Order to
freeze the claimed amount only.
0 comments:
Post a Comment