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Section 139 - Insolvency and Bankruptcy Code Act, 2016
139. Effect of discharge.-
The discharge order under sub-section (2) of section 138 shall release the bankrupt from all the bankruptcy debt: Provided that discharge shall not-
(a) affect the functions of the bankruptcy trustee; or
(b) affect the operation of the provisions of Chapters IV and V of Part III; or
(c) release the bankrupt from any debt incurred by means of fraud or breach of trust to which he was a party; or
(d) discharge the bankrupt from any excluded debt.
Related Sections
- Section 55: Fast track corporate insolvency resolution process
- Section 128: Effect of bankruptcy order
- Section 10: Initiation of corporate insolvency resolution process by corporate applicant
- Section 157: Acquisition of control by bankruptcy trustee
- Section 75: Punishment for false information furnished in application
Related Acts
- Banning of Unregulated Deposit Schemes Act, 2019
- Prohibition of Electronic Cigarettes (Production, Manufacture, Import, Export, Transport, Sale, Distribution, Storage and Advertisement) Act, 2019
- The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013
- New Delhi International Arbitration Centre Act, 2019
- The Bharatiya Nyaya Sanhita, 2023
* Only for reference.