Can attachment be done of subsidiaries of J.D. under sec 25 of CPC
Situation : I got refund orders against builder in state commission. Filed execution under sec25. Judge ordered attachment of money to be received by builder , JD and subsidiaries from Huda . The builder moved to NCDRC to get stay and vacate the order. They claim the execution was in name of builder and not its subsidiaries , so money which subsidiaries have to receive from huda can’t be attached .
Kindly advise what state commission judge has ordered , is it correct?
If yes then Any judgments we can show in NCDRC where subsidiaries property is attached irrespective being party to execution or not.
Lawyers answer this question
Bangalore , Bangalore
For More Details Contact On
1. Irrespective of exedution petition in the name off builder, the subsidiaries are also liable. There is no direct ruling.
2. As of settled law the acts of subisidiaries are binding upon the registered office ndce versa.
3. The resistance made by the subidiaries is not maintenable. The Judge has correctly ordered and it will definately upheld by the NCDRC
131 user found this answer helpful
Disclaimer : This answer is based on information given by you hence, It is just opinion of Lawyer. For specific answer you have to give details and facts and choose the Lawyer of your choice.
Lawyers: To answer this question, please Sign In
to your account or wait for admin approval.