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of <h1>Bankruptcy Trustee Duties: Manage and Distribute Estates Under Chapter V of Insolvency and Bankruptcy Code, 2016. Effective December 1, 2019.</h1> The bankruptcy trustee is responsible for managing and distributing the estate of a bankrupt individual or partnership firm as per the guidelines outlined in Chapter V of the Insolvency and Bankruptcy Code, 2016. This provision became effective on December 1, 2019, as per the notification dated November 15, 2019.
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