Bank has received a income tax attachment order and concern party has only cash credit facility of rs 5 lacs with bank but no other deposit or FDR account . there was debit balance in cash credit account while receiving attachment order i.e half of limit is available by borrower.
kindly advise Normal operation is allowed within sanction limit cash credit account or set stop on cc account in view of attachment order or is it not applicable on Cash Credit account as bank is not debtor due CC account.
Attachment of an amount can be made where the account holder has amount available in his / her account.
No legal issue is involved in the facts posted.
Procedural query can be solved / advised by concerned bank.
