Section 92, The Bankruptcy Act, 2009

(1) When the trustee has- (a) realised all the property of the bankrupt or so much of it as can, in his opinion, be realised without needlessly protracting the trusteeship, and distributed a final dividend, if any; (b) ceased to act by reason of a composition having been approved: or (c) resigned or has been removed from his office, the official receiver shall on the application of the trustee, prepare a report on his accounts, which shall be submitted to the court, and the court shall take into consideration the report and any objection made by a creditor or other interested person against the trustee, and shall either grant or withhold the release. (2) Where the release of a trustee is withheld the court may, on the application of any creditor or person interested, make such order as it thinks just, charging the trustee with the consequences of any act or default he may have done or made contrary to his duties. (3) An order of the court releasing the trustee shall discharge him from liability in respect of any act done or default made by him in the administration of the affairs of the bankrupt, or otherwise in relation to his conduct as trustee, but such order may be Records and accounts to be kept by Audit of trustee’s account. Release of 64 65 revoked on proof that it was obtained by fraud or by suppression or concealment of any material fact. (4) Where the trustee has not previously resigned or been removed, his release shall operate as a removal of him from his office, and then the official receiver shall be the trustee. (5) Where, on the release of a trustee the official receiver is or is acting as trustee, no liability shall attach to him personally in respect of any act done or default made or liability incurred by any prior