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Vacancy in office of bankruptcy trustee.

Section 147 - Act - BANKRUPTCY ORDER FOR INDIVIDUALS AND PARTNERSHIP FIRMS - Insolvency and Bankruptcy Code, 2016 - Section 147 - 147. (1) If a vacancy occurs in the office of the bankruptcy trustee for any reason other than his replacement or resignation, the vacancy shall be filled in accordance with the provisions of this section. (2) In the event of the occurrence of vacancy referred to in sub .....

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uptcy; (b) to co-operate with the new bankruptcy trustee in such matters as may be required. (7) The bankruptcy trustee appointed under sub-section (4) shall give a notice of his appointment to the committee of creditors and the bankrupt within seven days of his appointment. (8) The earlier bankruptcy trustee replaced under this section shall be released in accordance with the provisions of sectio .....

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