State Act
9
Section 9. Security in lieu of attachment.
The Telangana Protection of Depositors of Financial Establishments Act, 1999.
Act no. 17 of 19991999In forceTelangana (State Act)
9. 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 be, refrain from passing the order of attachment.