Mera Samvidhaan All of Insolvency and Bankruptcy Code, 2016

Part III · Chapter IV · Bankruptcy Order for Individuals and Partnership Firm

139Effect of discharge.

Section 139 · Part III · Chapter IV · page 110 of the Act

The discharge order under sub-section (2) of section 138 shall release the bankrupt from all the bankruptcy debt:

Provided that discharge shall not—

(a) affect the functions of the bankruptcy trustee; or

(b) affect the operation of the provisions of Chapters IV and V of Part III; or

(c) release the bankrupt from any debt incurred by means of fraud or breach of trust to which he was a party; or

(d) discharge the bankrupt from any excluded debt.

Section 139 of The Insolvency and Bankruptcy Code, 2016 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.