Two Forms of Insolvency in India
Insolvency is a state where an entity (person or a company) is unable to pay the money on time that he took from either a bank or another person in terms of a loan. The entity in the state of insol...
‘Insolvency’ in India
The dictionary meaning of Insolvency is ‘the lack of financial resources’ and in legal terminology, it refers to ‘the situation where the liabilities of a person or firm exceed its total asse...