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Back to Insolvency and Bankruptcy Code Act, 2016

Section 154 - Insolvency and Bankruptcy Code Act, 2016

154. Vesting of estate of bankrupt in bankruptcy trustee.-

(1) The estate of the bankrupt shall vest in the bankruptcy trustee immediately from the date of his appointment.

(2) The vesting under sub-section (1) shall take effect without any conveyance, assignment or transfer.

Plain version not available.

Related Sections

  • Section 58: Applicability of Chapter II to this Chapter
  • Section 184: Punishment for false information, etc., by creditor in insolvency resolution process
  • Section 152: General powers of bankruptcy trustee
  • Section 2: Application
  • Section 28: Approval of committee of creditors for certain actions

Related Acts

  • Central Goods and Services Tax (Extension to Jammu and Kashmir) Act, 2017
  • The Bharatiya Nagarik Suraksha Sanhita, 2023
  • National Institutes of Technology, Science Education and Research (Amendment) Act, 2017
  • The Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013
  • National Council for Teacher Education (Amendment) Act, 2019
* Only for reference.

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