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of <h1>Bankruptcy Trustee's Powers: Manage, Sell, Transfer, and Distribute Assets Under Insolvency and Bankruptcy Code, 2016.</h1> The bankruptcy trustee is empowered to manage and distribute the bankrupt's estate under the Insolvency and Bankruptcy Code, 2016. The trustee can sell parts of the estate, issue receipts for funds received, and handle claims and dividends related to debts within the estate. They can redeem pledged or hypothecated property, transfer securities or other transferable properties, and manage any property beneficially owned by the bankrupt. These powers enable the trustee to effectively administer the bankrupt's estate, ensuring proper distribution and settlement of debts.
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