Government Securities Act 2006
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.