Section 172: Proof of debt by secured creditors.

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

(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.

Where this provision sits

Act	The Insolvency and Bankruptcy Code, 2016.
Section	172
Marginal note	Proof of debt by secured creditors.
Jurisdiction	Central
Status	In force as published by the source

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