No. 18 of CPC : No. 18: ATTACHMENT IN EXECUTION PROHIBITORY ORDER, WHERE THE PROPERTY CONSISTS OF SHARES IN THE CAPITAL OF A CORPORATION

Explanation using Example

Example 1:

Scenario: Rajesh has lost a civil lawsuit against Suresh and has been ordered by the court to pay Rs. 5,00,000 to Suresh. Rajesh owns 100 shares in ABC Corporation.

Court Order: To Rajesh and to the Secretary of ABC Corporation

WHEREAS Rajesh has failed to satisfy a decree passed against him on the 15th day of March 2023, in Suit No. 123 of 2022, in favour of Suresh, for Rs. 5,00,000;

it is ordered that you, Rajesh, be, and you are hereby, prohibited and restrained, until the further order of this Court, from making any transfer of 100 shares in the aforesaid corporation, namely, ABC Corporation, or from receiving payment of any dividends thereon; and you, the Secretary of ABC Corp...

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