155. (1) The estate of the bankrupt shall include,-
(a) all property belonging to or vested in the bankrupt at the bankruptcy
commencement date;
(b) the capacity to exercise and to initiate proceedings for exercising all
such powers in or over or in respect of property as might have been
exercised by the bankrupt for his own benefit at the bankruptcy commencement
date or before the date of the discharge order passed under section 138; and
(c) all property which by virtue of any of the provisions of this Chapter is
comprised in the estate.
(2) The estate of the bankrupt shall not include-
(a) excluded assets;
(b) property held by the bankrupt on trust for any other person;
(c) all sums due to any workman or employee from the provident fund, the
pension fund and the gratuity fund; and
(d) such assets as may be notified by the Central Government in consultation
with any financial sector regulator.