Definition
A court-appointed officer who takes possession and management of property under dispute or subject to a decree. Under Order XL CPC, courts can appoint a receiver to manage and preserve a disputed property. In DRT proceedings, a receiver may be appointed to manage secured assets pending enforcement.
Related Terms
DRTRecovery Certificate
Need Expert Advice on Receiver?
For specific advice on how Receiver 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