section 154
Vesting of estate of bankrupt in bankruptcy trustee
The Insolvency and Bankruptcy Code, 2016Corporate2016282 sections
Chapter V CHAPTER V ADMINISTRATION AND DISTRIBUTION OF THE ESTATE OF THE BANKRUPT
Statutory text
(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.
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