Important Legal Definitions
Explore legal terms, clear definitions and practical examples.
Mareva Injunction (Freezing Injunction)
Judicial Orders, Injunctions & Precedents
Definition
An ex-parte asset-freezing order restraining a defendant from removing, transferring, dissipating, or hiding their assets, properties, or bank accounts from the jurisdiction of the court pending trial and execution.
Example
In V.O. Tractoexport v. Tarapore & Co., the Supreme Court examined the scope of asset-freezing orders analogous to a Mareva Injunction, and commercial courts frequently issue these orders under Order XXXVIII Rule 5 CPC to freeze debtor bank accounts.