Mera Samvidhaan All of Insolvency and Bankruptcy Code, 2016

Part III · Chapter V · Administration and Distribution of the Estate of the Bankrupt

172Proof of debt by secured creditors.

Section 172 · Part III · Chapter V · page 122 of the Act

(1) Where a secured creditor realises his security, he may produce proof of the balance due to him.

(2) Where a secured creditor surrenders his security to the bankruptcy trustee for the general benefit of the creditors, he may produce proof of his whole claim.

Section 172 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.