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Onerous property of bankrupt.

Section 160 - Act - ADMINISTRATION AND DISTRIBUTION OF THE ESTATE OF THE BANKRUPT - Insolvency and Bankruptcy Code, 2016 - Section 160 - 160. (1) The bankruptcy trustee may, by giving notice to the bankrupt or any person interested in the onerous pro .....

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r has exercised rights of ownership in relation to it. (3) A notice of disclaimer under sub-section (1) shall- (a) determine, as from the date of such notice, the rights, interests and liabilities of the bankrupt in respect of the onerous property di .....

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the property which has been claimed for the estate of the bankrupt under section 155 without the permission of the committee of creditors. (5) A notice of disclaimer under sub-section (1) shall not affect the rights or liabilities of any other perso .....

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