law: Recovery of Debts Due to Banks and Financial Institutions Act, 1993 
  28. Other modes of recovery 
  (1) Where a certificate has been issued to the Recovery Officer
  
  under sub-section (7) of section 19, the Recovery Officer may, without
  
  prejudice to the modes of recovery specified in section 25, recover the amount
  
  of debt by any one or more of the modes provided under this section.
  (2) If any amount is due from any person to the defendant, the
  
  Recovery Officer may require such person to deduct, from the said amount, the
  
  amount of debt due from the defendant under this Act and such person shall
  
  comply with any such requisition and shall pay the sum so deducted to the
  
  credit of the Recovery Officer:
  PROVIDED  that nothing in this sub-section shall apply
  
  to any part of the amount exempt from attachment in execution of a decree of a
  
  civil court under section 60 of the Code of Civil Procedure, 1908 (5 of 1908).
  (3) (i) The Recovery Officer may, at any time or from time to
  
  time, by notice in writing, require any person from whom money is due or may
  
  become due to the defendant or to any person who holds or may subsequently hold
  
  money for or on account of the defendant, to pay to the Recovery Officer either
  
  forthwith upon the money becoming due or being held or within the time specified
  
  in the notice (not being before the money becomes due or is held), so much of
  
  the money as is sufficient to pay the amount of debt due from the defendant or
  
  the whole of the money when it is equal to or less than that amount.
  (ii) A notice under this sub-section may be
  
  issued to any person who holds or may subsequently hold any money for or on
  
  account of the defendant jointly with any other person and for the purposes of
  
  this sub-section the shares of the joint holders in such amount shall be
  
  presumed, until the contrary is proved, to be equal.
  (iii) A copy of the notice shall be forwarded
  
  to the defendant at his last address known to the Recovery Officer and in the
  
  case of a joint account to all the joint holders at their last addresses known
  
  to the Recovery Officer.
  (iv) Save as otherwise provided in this
  
  sub-section, every person to whom a notice is issued under this sub-section
  
  shall be bound to comply with such notice, and, in particular, where any such
  
  notice is issued to a post office, bank, financial institution, or an insurer,
  
  it shall not be necessary for any pass book, deposit receipt, policy or any
  
  other document to be produced for the purpose of any entry, endorsement or the
  
  like to be made before the payment is made notwithstanding any rule, practice
  
  or requirement to the contrary.
  (v) Any claim respecting any property in
  
  relation to which a notice under this sub-section has been issued arising after
  
  the date of the notice shall be void as against any demand contained in the
  
  notice.
  (vi) Where a person to whom a notice under
  
  this sub-section is sent objects to it by a statement on oath that the sum
  
  demanded or the part thereof is not due to the defendant or that he does not
  
  hold any money for or on account of the defendant, then, nothing contained in
  
  this sub-section shall be deemed to require such person to pay any such sum or
  
  part thereof, as the case may be, but if it is discovered that such statement
  
  was false in any material particular, such person shall be personally liable to
  
  the Recovery Officer to the extent of his own liability to the defendant on the
  
  date of the notice, or to the extent of the defendant's liability for any sum
  
  due under this Act, whichever is less.
  (vii) The Recovery Officer may, at any time or
  
  from time to time, amend or revoke any notice under this sub-section or extend
  
  the time for making any payment in pursuance of such notice.
  (viii) The Recovery Officer shall grant a
  
  receipt for any amount paid in compliance with a notice issued under this
  
  sub-section, and the person so paying shall be fully discharged from his
  
  liability to the defendant to the extent of the amount so paid.
  (ix) Any person discharging any liability to
  
  the defendant after the receipt of a notice under this sub-section shall be
  
  personally liable to the Recovery Officer to the extent of his own liability to
  
  the defendant so discharged or to the extent of the defendant's liability for
  
  any debt due under this Act, whichever is less.
  (x) If the person to whom a notice under this
  
  sub-section is sent fails to make payment in pursuance thereof to the Recovery
  
  Officer, he shall be deemed to be a defendant in default in respect of the
  
  amount specified in the notice and further proceedings may be taken against him
  
  for the realization of the amount as if it were a debt due from him, in the
  
  manner provided in sections 25, 26 and 27 and the notice shall have the same
  
  effect as an attachment of a debt by the Recovery Officer in exercise of his
  
  powers under section 25.
  (4) The Recovery Officer may apply to the court in whose custody
  
  there is money belonging to the defendant for payment to him of the entire
  
  amount of such money, or if it is more than the amount of debt due, an amount
  
  sufficient to discharge the amount of debt so due.
   1  [(4A) The Recovery Officer may, by order, at any stage of
  
  the execution of the certificate of recovery, require any person, and in case
  
  of a company, any of its officers against whom or which the certificate of
  
  recovery is issued, to declare on affidavit the particulars of his or its
  
  assets.]
  (5) The Recovery Officer may recover any amount of debt due from
  
  the defendant by distraint and sale of his movable property in the manner laid
  
  down in the Third Schedule to the Income Tax Act, 1961 (43 of 1961).