https://www.taxtmi.com/acts?id=31121 From the bankruptcy commencement date a bankrupt is barred from acting as a company director or engaging in promotion or management, prohibited from creating charges or incurring further debt without the trustee's sanction, obliged to inform business partners and certain counter parties of the bankruptcy, incompetent to maintain legal proceedings relating to bankruptcy debts without the Adjudicating Authority's sanction, and restricted from overseas travel without such permission; these restrictions end if the bankruptcy order is modified, recalled, or the bankrupt is discharged. en-us Tue, 02 Jan 2018 16:06:48 +0530 Fri, 06 Dec 2019 12:34:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31121 From the bankruptcy commencement date a bankrupt is barred from acting as a company director or engaging in promotion or management, prohibited from creating charges or incurring further debt without the trustee's sanction, obliged to inform business partners and certain counter parties of the bankruptcy, incompetent to maintain legal proceedings relating to bankruptcy debts without the Adjudicating Authority's sanction, and restricted from overseas travel without such permission; these restrictions end if the bankruptcy order is modified, recalled, or the bankrupt is discharged. Act-Rules IBC Tue, 02 Jan 2018 16:06:48 +0530 https://www.taxtmi.com/acts?id=31121