________is a legal proceeding involving a person or business that is unable to repay outstanding debts.
Insolvency is the financial state of a being where the Individual or Company or family has lost the capability to pay off their debts to the creditors. Bankruptcy is termed as a legal declaration of insolvency. Bankruptcy is a legal process that happens when the individual declares he or she can no longer pay back his or her debts to creditors. Insolvency is just the state where the financial inability is reached whereas bankruptcy is the realization and announcement of that the state of being insolvent. Liquidation in finance and economics is the process of bringing a business to an end and distributing its assets to claimants. It is an event that usually occurs when a company is insolvent, meaning it cannot pay its obligations when they are due.
Duties of seller and buyer are in which section of Sales of Goods Act, 1930?
Every company other than a _________________ shall in each year hold in addition to any other meetings, a general meeting as its annual general meeting ...
Contingent agreements to do or not to do anything, if an impossible event happens, are void________.
Which Article of the Constitution of India imposes bar to interference by court in electoral matters?
The Chairman and members of FSSAI shall hold office for a term of
A lends Rs 10 lakh to B for a year, After one year A’s right to recover the money from B is a_____________________
The good faith of a sale by a client to an attorney is in question in a suit brought by the client. The burden of proving the good faith of the transact...
Under the provisions of The Rajasthan Rent Control Act, 2001, which of the following is not a requisite regarding inspection of a rented premise?
A sessions court requires permission of High Court to pass _______?
What is the maximum number of directors in a public company?