The Insolvency and Bankruptcy Code, 2016
PART III Insolvency Resolution and Bankruptcy for Individuals and Partnership Firms
CHAPTER V Administration and Distribution of The Estate of the Bankrupt
Section 154: Vesting of estate of bankrupt in bankruptcy trustee:
*154. (1) The estate of the bankrupt shall vest in the bankruptcy trustee immediately from the date of his appointment.
(2) The vesting under sub-section (1) shall take effect without any conveyance, assignment or transfer.
Notifications & Circulars
*Only in so far as they relate to personal guarantors to corporate debtors, shall come into force w.e.f. 01.12.2019.