The bankruptcy trustee may while discharging his functions under this Chapter,-
(a) sell any part of the estate of the bankrupt;
(b) give receipts for any money received by him;
(c) prove, rank, claim and draw a dividend in respect of such debts due to the bankrupt as are comprised in his estate;
(d) where any property comprised in the estate of the bankrupt is held by any person by way of pledge or hypothecation, exercise the right of redemption in respect of any such property subject to the relevant contract by giving notice to the said person;
(e) where any part of the estate of the bankrupt consists of securities in a company or any other property which is transferable in the books of a person, exercise the right to transfer the property to the same extent as the bankrupt might have exercised it if he had not become bankrupt; and
(f) deal with any property comprised in the estate of the bankrupt to which the bankrupt is beneficially entitled in the same manner as he might have dealt with it.
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
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