Governent Securities Act : Discharge in respect of bearer bonds. Indian Bare Acts :

Governent Securities Act,2006

Act No : 38

Section : Discharge in respect of bearer bonds.

22. Discharge in respect of bearer bonds. - The Government shall be discharged from all liability on a bearer bond or on any interest coupon of such a bond on payment to the holder of such bond or coupon on presentation on or after the date when it becomes due of the amount expressed therein, unless before such payment, an order of a Court in India has been served on the Government restraining it from making payment.