TMI BlogAfter-acquired property of bankrupt.X X X X Extracts X X X X X X X X Extracts X X X X ..... l not be served in respect of - (a) excluded assets; or (b) any property which is acquired by or devolves upon the bankrupt after a discharge order is passed under section 138. (3) The notice under sub-section (2) shall be given within fifteen days from the day on which the acquisition or devolution of the after-acquired property comes to the knowledge of the bankruptcy trustee. (4) For the pu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f this section, the term "after-acquired property" means any property which has been acquired by or has devolved upon the bankrupt after the bankruptcy commencement date.
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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
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