Section 158: Restrictions on disposition of property.

The Insolvency and Bankruptcy Code, 2016.Central Act · Act 31 of 2016

(1) Any disposition of property made by the debtor, during the period between the date of filing of the application for bankruptcy and the bankruptcy commencement date shall be void.

(2) Any disposition of property made under sub-section (1) shall not give rise to any right against any person, in respect of such property, even if he has received such property before the bankruptcy commencement date in--

(a) good faith;

(b) for value; and

(3) For the purposes of this section, the term "property" means all the property of the debtor, whether or not it is comprised in the estate of the bankrupt, but shall not include property held by the debtor in trust for any other person.

Where this provision sits

Act	The Insolvency and Bankruptcy Code, 2016.
Section	158
Marginal note	Restrictions on disposition of property.
Jurisdiction	Central
Status	In force as published by the source

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