Rule 76 of CPC : Rule 76: Negotiable instruments and shares in corporations.
CPC
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Explanation using Example
Example 1:
Rajesh has a court decree against Suresh for a debt of ₹5,00,000. Suresh owns shares in a prominent Indian corporation, Reliance Industries Ltd. To recover the debt, Rajesh approaches the court to execute the decree. Instead of ordering a public auction of Suresh's shares, the court authorizes the sale of these shares through a registered stockbroker. The broker sells the shares on the stock exchange, and the proc...
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