THE INSOLVENCY AND BANKRUPTCY CODE, 2016 Last Update 01-6-2020 · CHAPTER V ADMINISTRATION AND DISTRIBUTION OF THE ESTATE OF THE BANKRUPT

Section 154 — Vesting of estate of bankrupt in bankruptcy trustee

(1)The estate of the bankrupt shall vest in the bankruptcy trustee immediately from the date of his appointment.

(2)The vesting under sub-section (1) shall take effect without any conveyance, assignment or transfer.