BANKRUPTCY LAWS IN INDIA
What is Bankruptcy?
Bankruptcy is a legal status which is usually imposed by a Court, on an individual or any firm when he (it is) unable to meet debt obligations.
Bankruptcy Laws in India: Who can initiate a Bankruptcy?
Bankruptcy is a legal status which is usually imposed by a Court, on an individual or any firm when he (it is) unable to meet debt obligations.
 unable to meet debt obligations. In India, the legal and institutional machinery for dealing with debt default is not as per international standards.){kind=link}