section 12
Management of attached property
The Jharkhand Protection of Interest of Depositors (in Financial Establishments) Act, 2011The Designated Court may, on the application of any person interested in any property attached and vested in the Competent Authority, give an opportunity of hearing to the concerned person and may pass such order as it considers just and reasonable for: (1) Providing for the maintenance of the applicant and their family and, where criminal proceedings have been instituted against the applicant under Section 3 in the Designated Court, for the expenses related to their own defence, which is reasonably necessary, from the amount in which the applicant claims interest in the property attached and vested in the Competent Authority. (2) As far as is practicable, to protect the interests of any business affected by the attachment, especially the interests of the partner of such business.
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