N. S. Toor Solutions for Chapter: Banking Law and Practice, Exercise 19: TEST YOUR SELF

Your branch receives a garnishee order in the name of your customer Mr. Trivedi, who has the following deposit accounts with your branch. Which of these can be attached under this garnishee order?

A branch of Model Bank issued a bank guarantee on behalf of their client M/S Shourie & Shourie and for that purpose kept a term deposit of Mr. Shourie, one of the partners, as collateral. A garnishee order is served on the partner attaching the balance in the term deposit:

The attachment order or garnishee order is applicable where the relationship between bank and customer is that of:

Attachment order and garnishee orders are applicable in the balances lying in a deceased account and insolvent person's account.

Mr. X is maintaining a few accounts with Popular Bank with its Trichur branch. The bank branch receives an attachment order. Which of the following accounts will be attached by the order:

Your branch has received a garnishee order in the name of your customer having saving bank account, with the following transactions. Which among these are not the subject of the garnishee order:

Hari and Mohan are maintaining a joint saving bank account and the bank receives a garnishee order in Hari's name where the balance in the account is Rs. 10000.

If a bank fails to meet its obligation under garnishee order by paying a cheque after receipt of order, the bank shall be deemed judgment debtor for the amount of the cheque.