Definition
A court order directing a third party (the "garnishee") who owes money to the judgment debtor to pay that money directly to the decree holder instead. Under Order XXI Rule 46 CPC, a bank where the judgment debtor holds a deposit can be served a garnishee order and required to pay the balance to the creditor.
Example
After obtaining a Recovery Certificate from DRT, the bank applies for a garnishee order against the borrower's accounts maintained at other banks.
Related Terms
Attachment of DebtRecovery CertificateExecution
Need Expert Advice on Garnishee Order?
For specific advice on how Garnishee Order applies to your debt recovery matter, consult Advocate Subodh Bajpai — LLM, MBA (XLRI Jamshedpur). 25+ years of exclusive banking and debt recovery practice across DRT, SARFAESI, IBC, and NI Act.
Defined by Advocate Subodh Bajpai, Senior Partner, Unified Chambers and Associates