(1) Where an attachment has been made, any private transfer or delivery of the property attached or of any interest therein and any payment to the judgment-debtor of any debt, dividend or other monies contrary to such attachment, shall be void as against all claims enforceable under the attachment.
(2) Nothing in this section shall apply to any private transfer or delivery of the property attached or of any interest therein, made in pursuance of any contract for such transfer or delivery entered into and registered before the attachment.
Explanation.— For the purposes of this section, claims enforceable under an attachment include claims for the rateable distribution of assets.
Legal Commentary & Landmark Judgments: Section 64
Section 64 of the Code of Civil Procedure, 1908 voids any private transfer or delivery of property made after an attachment has been duly effected by the court, protecting the execution lien.
Section 64 protects the integrity of judicial execution by declaring any private transfer of property made after court attachment to be void against all execution claims.
However, the 2002 Amendment added sub-section (2), which creates a vital statutory exception: 'Nothing in this section shall apply to any private transfer or delivery of the property attached or of any interest therein, made in pursuance of any contract for such transfer or delivery entered into and registered before the attachment.' If a registered agreement to sell was executed prior to the attachment, a subsequent sale deed executed pursuant to that agreement prevails over the attachment.
Section 64 is a relative nullity, not an absolute one: the private sale is void *only as against the attaching decree-holder* to the extent necessary to satisfy the decree. If the execution is satisfied from other assets, the private alienation stands good between vendor and purchaser. Under Section 64(2), pre-attachment registered agreements to sell enjoy complete immunity.