| Dhoot’s personal bankruptcy estate has vested in a court-appointed trustee, who will identify, take control of and realise eligible assets to repay creditors.
The IBC bars him from acting as a company director or participating in company management, raising fresh debt without the trustee’s approval and travelling overseas without NCLT permission. Specified personal assets, including eligible household belongings, pension and provident fund dues, and a qualifying dwelling unit, are protected from inclusion in the bankruptcy estate. The trustee will verify creditors’ claims and distribute asset-sale proceeds according to the IBC’s… |