Definition
A court order restraining a judgment debtor from transferring, disposing, or encumbering property. Under the DRT regime, an interim attachment may be sought at the time of filing an Original Application under Section 19(7) of the RDDB Act.
Example
Before the DRT hears the case on merits, a bank may seek attachment of the borrower's properties to prevent dissipation of assets.
Related Terms
Original ApplicationDRTRecovery Certificate
Need Expert Advice on Attachment?
For specific advice on how Attachment 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