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Section 172 - Insolvency and Bankruptcy Code Act, 2016

172. Proof of debt by secured creditors.-

(1) Where a secured creditor realises his security, he may produce proof of the balance due to him.

(2) Where a secured creditor surrenders his security to the bankruptcy trustee for the general benefit of the creditors, he may produce proof of his whole claim.

Related Sections

Section 108: Conduct of meeting of creditors
Section 146: Resignation by bankruptcy trustee
Section 90: Directions for compliances of restrictions
Section 14: Moratorium
Section 72: Punishment for wilful and material omissions from statements relating to affairs of corporate debtor

Related Acts

Union Territory Goods and Services Tax (Amendment) Act, 2018
Jammu and Kashmir Reorganisation Act, 2019
Coal Mines (Special Provisions) Act, 2015
Telecommunications Act, 2023
Surrogacy (Regulation) Act, 2021

* Only for reference.