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GARNISHEE RULE
Setback for ArcelorMittal: Cayman Island court refuses worldwide freeze on Essar Global FundA Garnishee Order Absolute prevents the garnishee from making repayment of the debt owed to the judgement debtor.- Taxmen use rare law to collect dues directly from bank accounts of evadersTill now, the provision was sparingly used and primarily on wilful tax evaders.
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