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of <h1>Bankruptcy Trustee Can Distribute Unsellable Assets with Creditor Committee Approval Under Section 175 of Insolvency Code</h1> Under Section 175 of the Insolvency and Bankruptcy Code, 2016, a bankruptcy trustee, with the approval of the committee of creditors, can distribute property among creditors in its current form if it cannot be easily sold. Each transaction requires committee approval, but third parties dealing in good faith need not verify this approval. If the trustee acts without prior approval, the committee can ratify the action to cover necessary expenses, provided the trustee acted urgently and sought ratification promptly.
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