§ 144 Insolvency and Bankruptcy Code Act, 2016

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Section 144. Fees of bankruptcy trustee

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Act
Insolvency and Bankruptcy Code Act, 2016
Section number
144

Section reader

144. Fees of bankruptcy trustee.-

(1) A bankruptcy trustee appointed for conducting the bankruptcy process shall charge such fees as may be specified in proportion to the value of the estate of the bankrupt.

(2) The fees for the conduct of the bankruptcy process shall be paid to the bankruptcy trustee from the distribution of the estate of the bankrupt in the manner provided in section 178.