Definition
The transfer of ownership of property from one person to another by sale, gift, mortgage, or other means. In the context of debt recovery, alienation of property by a borrower after default (to defeat creditor claims) may be challenged under Section 53 of the Transfer of Property Act, 1882, or under PMLA provisions.
Related Terms
Transfer of PropertyFraudulent TransferBNS Section 336
Need Expert Advice on Alienation?
For specific advice on how Alienation applies to your debt recovery matter, consult Advocate Subodh Bajpai — LLM, MBA (XLRI Jamshedpur). 25+ years of exclusive banking and debt recovery practice across DRT, SARFAESI, IBC, and NI Act.
Defined by Advocate Subodh Bajpai, Senior Partner, Unified Chambers and Associates