BANKING AFFAIRS

Detailed explanation-1: -A garnishee order is an order passed by an executing court directing or ordering a garnishee not to pay money to judgment debtor since the latter is indebted to the Garnisher (decree-holder). It is an order of court to attach money or goods belonging to the judgment debtor in the hands of a third person.

Detailed explanation-2: -The creditor at whose request the order is issued is called the judgment creditor; the debtor whose money is frozen is called judgment debtor and the banker who is the debtor of the judgment debtor is called the Garnishee.

Detailed explanation-3: -A garnishee order is issued by the court of law to the third party in a suit, compelling him to pay a certain amount directly to the creditor instead of paying it to the debtor.

Detailed explanation-4: -A Garnishee Order is issued in two stages, first as an Order Nisi and then an Order Absolute.