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Skip to content
  • Home
    • About us
    • Contact Us
    • Help/Usage Tips
  • Companies Act
    • Companies Act, 2013
    • Rules
    • Schedules
  • IB Code
    • Insolvency and Bankruptcy Code, 2016
    • Regulations
    • Rules
  • SEBI
    • Listing Obligation and Disclosure Requirements
    • Additional Circular
      • Circular on fund raising by issuance of Debt Securities by Large Entities
      • Circular for implementation of recommendations of the Committee on Corporate Governance under the Chairmanship of Shri Uday Kotak
    • Prohibition of Insider Trading
    • Takeover Code
  • E-Repository
  • E-Resources
    • Secretarial Standards
    • ADT-1 Form filler and Consent letter generator
    • DIR-2 Consent from the Director and Register of Directors & KMP update
    • CimplyFive’s Text of Model Resolutions under the Companies Act, 2013
    • Fees calculator
  • Privacy Policy

CHAPTER V ADMINISTRATION AND DISTRIBUTION OF THE ESTATE OF THE BANKRUPT

  1. Functions of bankruptcy trustee.
  2. Duties of bankrupt towards bankruptcy trustee.
  3. Rights of bankruptcy trustee.
  4. General powers of bankruptcy trustee.
  5. Approval of creditors for certain acts.
  6. Vesting of estate of bankrupt in bankruptcy trustee.
  7. Estate of bankrupt.
  8. Delivery of property and documents to bankruptcy trustee.
  9. Acquisition of control by bankruptcy trustee.
  10. Restrictions on disposition of property.
  11. After-acquired property of bankrupt.
  12. Onerous property of bankrupt.
  13. Notice to disclaim onerous property.
  14. Disclaimer of leaseholds.
  15. Challenge against disclaimed property.
  16. Undervalued transactions.
  17. Preference transactions.
  18. Effect of order.
  19. Extortionate credit transactions.
  20. Obligations under contracts.
  21. Continuance of proceedings on death of bankrupt.
  22. Administration of estate of deceased bankrupt.
  23. Proof of debt.
  24. Proof of debt by secured creditors.
  25. Mutual credit and set-off.
  26. Distribution of interim dividend.
  27. Distribution of property.
  28. Final dividend.
  29. Claims of creditors.
  30. Priority of payment of debts.

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