Section 154 - Vesting of estate of bankrupt in bankruptcy trustee. - Insolvency and Bankruptcy Code, 2016

Vesting of estate of bankrupt in bankruptcy trustee. 154. (1) The estate of the bankrupt shall vest in the bankruptcy trustee imme-diately from the date of his appointment. (2) The vesting under sub-section (1) shall take effect without any conveyance, assignment or transfer. *********** Notes:- 1. Come into the force w.e.f. 01-12-2019 [F. No. 30/21/2018-Insolvency Section]. S.O. 4126(E) Dated 15-11-2019