IBC 154 — Vesting of estate of bankrupt in bankruptcy trustee

Insolvency & Bankruptcy Code, 2016

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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