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Section151
The Insolvency and Bankruptcy Code, 2016

Rights of bankruptcy trustee

In force Act 31 of 2016 As on 19 Oct 2026

Act 31 of 2016 Ministry Corporate Affairs Enacted 28 May 2016

Section 151 of the Insolvency and Bankruptcy Code, 2016 deals with rights of bankruptcy trustee. For the purpose of performing his functions under this Chapter, the bankruptcy trustee may, by his official name— (a) hold property of every description; The Act was enacted on 28 May 2016.

For the purpose of performing his functions under this Chapter, the bankruptcy trustee may, by his official name—

(a) hold property of every description;

(b) make contracts;

(c) sue and be sued;

(d) enter into engagements in respect of the estate of the bankrupt;

(e) employ persons to assist him;

(f) execute any power of attorney, deed or other instrument; and

(g) do any other act which is necessary or expedient for the purposes of or in connection with the exercise of his rights.

Section 151, The Insolvency and Bankruptcy Code, 2016 (Act 31 of 2016).

Questions about Section 151

What does Section 151 of the Insolvency and Bankruptcy Code deal with?

Section 151 of the Insolvency and Bankruptcy Code is headed "Rights of bankruptcy trustee". For the purpose of performing his functions under this Chapter, the bankruptcy trustee may, by his official name— (a) hold property of every description;

How do I find court cases under Section 151 of the Insolvency and Bankruptcy Code?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Insolvency and Bankruptcy Code 151, section 151 Insolvency and Bankruptcy Code, section 151 of the Insolvency and Bankruptcy Code. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

When was Section 151 of the Insolvency and Bankruptcy Code enacted?

Section 151 of the Insolvency and Bankruptcy Code, cited as Insolvency and Bankruptcy Code 151, was enacted on 28 May 2016 as Act 31 of 2016. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 19 Oct 2026. This page is not a substitute for legal advice.