For the purpose of performing his functions under this Chapter, the bankruptcy trustee may, by his official name-
(a) hold property of every description;
(b) make contracts;
(c) sue and be sued;
(d) enter into engagements in respect of the estate of the bankrupt;
(e) employ persons to assist him;
(f) execute any power of attorney, deed or other instrument; and
(g) do any other act which is necessary or expedient for the purposes of or in connection with the exercise of his rights.
Insolvency and Bankruptcy Code 2016
Section 151 Rights of bankruptcy trustee
Section 152 General powers of bankruptcy trustee
Section 153 Approval of creditors for certain acts
Section 154 Vesting of estate of bankrupt in bankruptcy trustee
Section 155 Estate of bankrupt
Section 156 Delivery of property and documents to bankruptcy trustee
Section 157 Acquisition of control by bankruptcy trustee
Section 158 Restrictions on disposition of property