Bare ActsThe Insolvency and Bankruptcy Code, 2016.

Section 154

Vesting of estate of bankrupt in bankruptcy trustee.

Amendment status not verified — confirm the current text below against the official source.

(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.

Amended up to 2018-11-20View on India Code →
Section 154 – The Insolvency and Bankruptcy Code, 2016. | DailyLaw.ai