Section 121: Application for bankruptcy

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.

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Friday, 22 May 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

Quick Answer

What is Section 121 of The Insolvency and Bankruptcy Code, 2016 (IBC)?

Section 121 of the The Insolvency and Bankruptcy Code, 2016 (IBC) pertains to “Application for bankruptcy”. Also referred to as Dhara 121 IBC or IBC Sec 121.

Act: The Insolvency and Bankruptcy Code, 2016

Section

121 – Application for bankruptcy

Chapter

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

Status

● In Force

Jurisdiction

Republic of India

Hindi

धारा 121 IBCDhara 121 IBC

Verified by editorial team on Pending · Last system check: 21 May 2026

Reviewed by LOTS Editorial Board · Last verified 21 May 2026

Key Facts & Information

Enactment DateUnknown

Scope & ContextThis provision forms part of the The Insolvency and Bankruptcy Code, 2016.

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.

Frequently Asked Questions

What does Section 121 of The Insolvency and Bankruptcy Code, 2016 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.

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.

What is Dhara 121 IBC in Hindi?

Dhara 121 IBC is the Hindi reference for Section 121 of the The Insolvency and Bankruptcy Code, 2016. "Dhara" (धारा) means "Section" in Hindi legal terminology.

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.