Insolvency and Bankruptcy Board of India (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019 Chapter II BANKRUPTCY TRUSTEE
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Early completion of administration allows trustee to seek early discharge when assets are insufficient and no further investigation needed. A bankruptcy trustee may apply to the Adjudicating Authority for an early discharge order where the realisable assets are insufficient to cover bankruptcy process costs and the bankrupt's affairs do not require further investigation, with such application being possible at the preliminary report stage or any time thereafter.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Early completion of administration allows trustee to seek early discharge when assets are insufficient and no further investigation needed.
A bankruptcy trustee may apply to the Adjudicating Authority for an early discharge order where the realisable assets are insufficient to cover bankruptcy process costs and the bankrupt's affairs do not require further investigation, with such application being possible at the preliminary report stage or any time thereafter.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.