Section 122: Application by debtor.

The Insolvency and Bankruptcy Code, 2016.Central Act · Act 31 of 2016

(1) The application for bankruptcy by the debtor shall be accompanied by—

(a) the records of insolvency resolution process undertaken under Chapter III of Part III;

(b) the statement of affairs of the debtor in such form and manner as may be prescribed, on the date of the application for bankruptcy; and

(c) a copy of the order passed by the Adjudicating Authority under Chapter III of Part III permitting the debtor to apply for bankruptcy.

(2) The debtor may propose an insolvency professional as the bankruptcy trustee in the application for bankruptcy.

(3) The application referred to in sub-section (1) shall be in such form and manner and accompanied by such fee as may be prescribed.

(4) An application for bankruptcy by the debtor shall not be withdrawn without the leave of the Adjudicating Authority.

Where this provision sits

Act	The Insolvency and Bankruptcy Code, 2016.
Section	122
Marginal note	Application by debtor.
Jurisdiction	Central
Status	In force as published by the source

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