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judgment creditor |
Also found in: Legal | 0.01 sec. |
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judgment creditor One who has obtained a judgment against another. The original claim did not have to arise out of a debt—it could have been an automobile accident,a promissory note,an award in a divorce case,or anything at all. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The equality of rights, or privilege which several persons-have over the same thing; as, for example, the right which two judgment creditors, Whose judgments were rendered at the same time, have to be paid out of the proceeds of real estate bound by them. The equality of rights, or privilege which several persons-have over the same thing; as, for example, the right which two judgment creditors, Whose judgments were rendered at the same time, have to be paid out of the proceeds of real estate bound by them. Accordingly, the only thing that the Satyam Case achieves is that it allows the carriage of proceedings to move in favour of the judgment debtor rather than requiring the judgment debtor to await enforcement of a foreign award by a judgment creditor and then oppose such enforcement on similar grounds available to the judgment debtor to launch a challenge to such award and preempt enforcement proceedings. |
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