https://www.taxtmi.com/acts?id=31133 Section 153 authorises the bankruptcy trustee, with prior approval of the committee of creditors, to manage and wind up the bankrupt's estate by carrying on business as needed, litigating or defending actions relating to estate property, accepting deferred consideration with safeguards, raising funds through mortgage or pledge, incurring liabilities to secure rights or options for creditors, referring disputes to arbitration or compromise, arranging with creditors, and appointing the bankrupt to supervise or assist in estate administration. en-us Tue, 02 Jan 2018 16:16:52 +0530 Fri, 06 Dec 2019 12:37:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31133 Section 153 authorises the bankruptcy trustee, with prior approval of the committee of creditors, to manage and wind up the bankrupt's estate by carrying on business as needed, litigating or defending actions relating to estate property, accepting deferred consideration with safeguards, raising funds through mortgage or pledge, incurring liabilities to secure rights or options for creditors, referring disputes to arbitration or compromise, arranging with creditors, and appointing the bankrupt to supervise or assist in estate administration. Act-Rules IBC Tue, 02 Jan 2018 16:16:52 +0530 https://www.taxtmi.com/acts?id=31133