Supreme Court High Court Judgment updates| taxation GST laws| NRI help

Section 172 : Proof of debt by secured creditors - The Insolvency and Bankruptcy Code 2016

172. (1) Where a secured creditor realises his security, he may produce proof of the balance due to him.

(2) Where a secured creditor surrenders his security to the bankruptcy trustee for the general benefit of the creditors, he may produce proof of his whole claim.

 

The Insolvency and Bankruptcy Code 2016

About Us | Privacy Policy | Disclaimer | Sitemap