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The Insolvency and Bankruptcy Code, 2016

Chapter IV — BANKRUPTCY ORDER FOR INDIVIDUALS AND PARTNERSHIP FIRMS

Section 132Preparation of list of creditors

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Section 132: Preparation of list of creditors

132. Preparation of list of creditors

The bankruptcy trustee shall, within fourteen days from the bankruptcy commencement date, prepare a list of creditors of the bankrupt on the basis of—

(a)

the information disclosed by the bankrupt in the application for bankruptcy filed by the bankrupt under section 118 and the statement of affairs filed under section 125; and

(b)

claims received by the bankruptcy trustee under sub-section (2) of section 130.