Section 14: Security in lieu of attachment

Q: What does Section 14 of The Karnataka Protection of Interest of Depositors in Financial Establishments Act, 2004 (KPID) deal with?

Section 14 KPID pertains to "Security in lieu of attachment". It is part of the The Karnataka Protection of Interest of Depositors in Financial Establishments Act, 2004, a legislation enacted by the Parliament of India. Section 14 of The Karnataka Protection of Interest of Depositors in Financial Establishments Act, 2004 (KPID) governs security in lieu of attachment. As verified on 19 May 2026.

Q: Is Section 14 KPID still in force?

Yes, Section 14 of the The Karnataka Protection of Interest of Depositors in Financial Establishments Act, 2004 is currently in force across the Republic of India.

Q: What is धारा 14 KPID?

धारा 14 KPID is the Devanagari Hindi reference for Section 14 of the The Karnataka Protection of Interest of Depositors in Financial Establishments Act, 2004. Section 14 of The Karnataka Protection of Interest of Depositors in Financial Establishments Act, 2004 (KPID) governs security in lieu of attachment. As verified on 19 May 2026.

Q: What is Dhara 14 KPID?

Dhara 14 KPID is the Roman Hindi reference for Section 14 of the The Karnataka Protection of Interest of Depositors in Financial Establishments Act, 2004. "Dhara" means "Section" in Hindi. Section 14 of The Karnataka Protection of Interest of Depositors in Financial Establishments Act, 2004 (KPID) governs security in lieu of attachment. As verified on 19 May 2026.

Q: How to cite Section 14 of The Karnataka Protection of Interest of Depositors in Financial Establishments Act, 2004?

Cite as: "Section 14, The Karnataka Protection of Interest of Depositors in Financial Establishments Act, 2004 (KPID)" in legal briefs. For academic writing, use the BlueBook format: The Karnataka Protection of Interest of Depositors in Financial Establishments Act, 2004, 2004, § 14 (India).

Law on Tips Editorial Board

- Any Financial Establishment or person whose property has been or is about to be attached under this Act may, at any time, apply to the Special Court for permission to give security in lieu of such attachment and where the security offered and given is, in the opinion of the Special court, satisfactory and sufficient, it may cancel the ad-interim order of attachment or, as the case may be, refrain from passing the order of attachment.