Section 58, The Bankruptcy Act, 2009

Subject to this Act and to any rules of Court, a trustee maydo all or any of the following things:- 48 49 Powers of trustee to deal with property. (a) sell all or any part of the property of the bankrupt including the goodwill of the business, if any and the book debts due or growing due to the bankrupt, by public auction or private contract, and may transfer the whole of the property to any person or company, or to sell it in parcels; (b) give receipts for any money received by him, which receipts shall effectually discharge the person paying the money from all responsibility in respect of the application; (c) prove, rank, claim and draw a dividend in respect of any debt due to the bankrupt, (d) exercise any powers the capacity to exercise of which is vested in the trustee under this Act and execute any powers of attorney, deeds and other instruments for the purpose of carrying into effect the provisions of this Act.