THE INSOLVENCY AND BANKRUPTCY CODE, 2016 Last Update 01-6-2020 · CHAPTER V ADMINISTRATION AND DISTRIBUTION OF THE ESTATE OF THE BANKRUPT
Section 172 — Proof of debt by secured creditors
(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.