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of <h1>Bankruptcy trustee gains control of bankrupt individual's estate upon appointment per Section 154, Insolvency and Bankruptcy Code 2016.</h1> The estate of a bankrupt individual automatically vests in the bankruptcy trustee from the date of the trustee's appointment, as per Section 154 of the Insolvency and Bankruptcy Code, 2016. This vesting occurs without the need for any conveyance, assignment, or transfer. The provision came into effect on December 1, 2019.
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