Legal Document View

Unlock Advanced Research with PRISMAI

- Know your Kanoon - Doc Gen Hub - Counter Argument - Case Predict AI - Talk with IK Doc - ...
Upgrade to Premium
[Cites 0, Cited by 0] [Section 79] [Entire Act]

Union of India - Subsection

Section 79(5) in Insolvency And Bankruptcy Code, 2016

(5)"bankruptcy debt", in relation to a bankrupt, means-
(a)any debt owed by him as on the bankruptcy commencement date;
(b)any debt for which he may become liable after bankruptcy commencement date but before his discharge by reason of any transaction entered into before the bankruptcy commencement date; and
(c)any interest which is a part of the debt under section 171;