Insolvency and Bankruptcy Code, 2016. · Chapter V: Administration and Distribution of the Estate of the Bankrupt
Section 149: Functions of bankruptcy trustee
The bankruptcy trustee shall perform the following functions in accordance with the provisions of this Chapter—
(a) investigate the affairs of the bankrupt;
(b) realise the estate of the bankrupt; and
(c) distribute the estate of the bankrupt
Source: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 12 September 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.
Supreme Court judgments citing the section 149
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