If there is no positive credit standing in the electronic credit ledger on the date of the order, passed under Rule 86-A, that order would be read to create a lien upto limit specified

Loading

If there is no positive credit standing in the electronic credit ledger on the date of the order, passed under Rule 86-A, that order would be read to create a lien upto limit specified

 

RM DAIRY PRODUCTS LLP VERSUS STATE OF UP Dated: – 15 July 2021 ALLAHABAD HC
It also stands to reason, if there is no positive credit standing in the electronic credit ledger on the date of the order, passed under Rule 86-A, that order would be read to create a lien upto limit specified in the order passed as per Rule 86-A of the Rules.
As and when the credit entries arise, the lien would attach to those credit entries upto the limit set by the order passed under Rule 86- A of the Rules.
The debit entry recorded in the electronic credit ledger would be read accordingly.
The copy of the order is as under:
Menu