valid as on 16/05/2024

IBC Section 154-Vesting of estate of bankrupt in bankruptcy trustee.
W.e.f., 01.12.2019

(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.

Enforcement Notification under Insolvency and Bankruptcy Code dated 15.11.2019 w.e.f., 01.12.2019

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