Insolvency and Bankruptcy Code, 2016

MA — y after procuring the approval of the committee of creditors,— · Section 172

Proof of debt by secured creditors

Synced on 05 Jul 2026Text as per India Code

(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.

Judgments on Section 172