IBC 132 — Preparation of list of creditors

Insolvency & Bankruptcy Code, 2016

Statutory text

The bankruptcy trustee shall, within fourteen  days from the bankruptcy commencement date, prepare a list of creditors of the bankrupt on the basis of—
(a)  the  information  disclosed  by  the  bankrupt  in  the  application  for  bankruptcy  filed  by  the bankrupt under section 118 and the statement of affairs filed under section 125; and (b) claims received by the bankruptcy trustee under sub-section (2) of section 130.

Back to IBC