Section 22
Discharge in respect of bearer bonds.
The Government Securities Act, 2006
About this Act
An Act to consolidate and amend the law relating to Government securities and its management by the Reserve Bank of India and for matters connected therewith or incidental thereto.
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.