https://www.taxtmi.com/acts?id=31150 Administration of a deceased bankrupt's estate follows the Chapter V administration and distribution regime; the bankruptcy trustee must consider claims by legal representatives for proper funeral and testamentary expenses, which rank equally with secured creditors under the priority framework, and any surplus after payment of debts, administration costs and interest shall be paid to the legal representatives or dealt with as prescribed. en-us Tue, 02 Jan 2018 16:50:43 +0530 Fri, 06 Dec 2019 12:41:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=31150 Administration of a deceased bankrupt's estate follows the Chapter V administration and distribution regime; the bankruptcy trustee must consider claims by legal representatives for proper funeral and testamentary expenses, which rank equally with secured creditors under the priority framework, and any surplus after payment of debts, administration costs and interest shall be paid to the legal representatives or dealt with as prescribed. Act-Rules IBC Tue, 02 Jan 2018 16:50:43 +0530 https://www.taxtmi.com/acts?id=31150