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State of Madhya Pradesh - Section

Section 10 in The M.P. Nikshepakon Ke Hiton Ka Sanrakshan Adhiniyam, 2000

10. Security in lieu of attachment.

- Any financial establishment or person, whose property has been or is about to be attached under this Act may, at any time, apply to the Special Court for permission to give security in lieu of such attachment and where the security offered and given is, in the opinion of the Special Court, satisfactory and sufficient, it may cancel the ad-interim order of attachment or, as the case may he, refrain from passing the order of attachment.