Section 121: Application for bankruptcy

Q: What does Section 121 of The Insolvency and Bankruptcy Code, 2016 (IBC) deal with?

Section 121 IBC pertains to "Application for bankruptcy". It is part of the The Insolvency and Bankruptcy Code, 2016, a legislation enacted by the Parliament of India. Section 121 of The Insolvency and Bankruptcy Code, 2016 (IBC) governs application for bankruptcy. As verified on 21 May 2026.

Q: Is Section 121 IBC still in force?

Yes, Section 121 of the The Insolvency and Bankruptcy Code, 2016 is currently in force across the Republic of India.

Q: What is धारा 121 IBC?

धारा 121 IBC is the Devanagari Hindi reference for Section 121 of the The Insolvency and Bankruptcy Code, 2016. Section 121 of The Insolvency and Bankruptcy Code, 2016 (IBC) governs application for bankruptcy. As verified on 21 May 2026.

Q: What is Dhara 121 IBC?

Dhara 121 IBC is the Roman Hindi reference for Section 121 of the The Insolvency and Bankruptcy Code, 2016. "Dhara" means "Section" in Hindi. Section 121 of The Insolvency and Bankruptcy Code, 2016 (IBC) governs application for bankruptcy. As verified on 21 May 2026.

Q: How to cite Section 121 of The Insolvency and Bankruptcy Code, 2016?

Cite as: "Section 121, The Insolvency and Bankruptcy Code, 2016 (IBC)" in legal briefs. For academic writing, use the BlueBook format: The Insolvency and Bankruptcy Code, 2016, 2016, § 121 (India).

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Sunday, 26 July 2026

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Table of Contents

The Insolvency and Bankruptcy Code, 2016

Chapter XIII — Part III, Chapter IV — Bankruptcy Order for Individuals and Partnership Firms

Section 121

Application for bankruptcy

The debtor or a creditor individually or jointly may make an application for a bankruptcy order against the debtor to the Adjudicating Authority under this Chapter.

Related Sections

Application by debtor

IBC

§123

Application by creditor

IBC

§124

Effect of application

IBC

§125

Appointment of insolvency professional as bankruptcy trustee

Printed from Law on Tips • The Insolvency and Bankruptcy Code, 2016