Regulation - 9, Early completion of administration.
Regulation - 9, Early completion of administration.
Early completion of administration.
At the time of the preparation of the preliminary report or any time thereafter, if it appears to the bankruptcy trustee that –
(a) the realisable assets of the bankrupt are insufficient to cover the costs of bankruptcy process; and
(b) the affairs of the bankrupt do not require further investigation, he may apply to the Adjudicating Authority for an early discharge order.
×
