section 172
Proof of debt by secured creditors
The Insolvency and Bankruptcy Code, 2016Corporate2016282 sections
Chapter V CHAPTER V ADMINISTRATION AND DISTRIBUTION OF THE ESTATE OF THE BANKRUPT
Statutory text
(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.
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