Resignation by bankruptcy trustee.

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..... sonal circumstances which preclude the further discharge of his duties as a bankruptcy trustee. (2) The Adjudicating Authority shall, within seven days of the acceptance of the resignation of the bankruptcy trustee, direct the Board for his replacement. (3) The Board shall, within ten days of the direction of the Adjudicating Authority under sub-section (2) recommend another bankruptcy trust .....

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..... nd the bankrupt within seven days of his appointment. (8) The bankruptcy trustee replaced under this section shall be released in accordance with the provisions of section 148. *********** 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 - - statute, statutory provisions legislation, .....

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