Section 172 : Proof of debt by secured creditors

(1) Where a secured creditor realises his security, he may produce proof of the balance due to him.

(2) Where a secured creditor surrenders his security to the bankruptcy trustee for the general benefit of the creditors, he may produce proof of his whole claim.

Insolvency and Bankruptcy Code 2016

Section 171 Proof of debt

Section 172 Proof of debt by secured creditors

Section 173 Mutual credit and set-off

Section 174 Distribution of interim dividend

Section 175 Distribution of property

Section 176 Final dividend

Section 177 Claims of creditors

Section 178 Priority of payment of debts

Section 179 Adjudicating Authority for individuals and partnership firms

Section 180 Civil court not to have jurisdiction