Sure.
Create cgs for example (probably possible with a grabpoint, I haven't tried),
place and link it with the hand of your choice.
Adjust it for a realistic effect.
Then any trigger can catch or release!
-add discrete action
--settings...
---Receiver Atom "clothes grab spehre"
---Receiver "AtomControl"
---Receiver Target "On" or "Toggle On"*
*take care that your ClothGrabSpehre is "off" before trigger activation.
hope that clear enough to help you!