Insolvency is a state or condition of a person who is unable to pay his debts. Bankruptcy on the other hand is a situation whereby a court of competent jurisdiction has declared a person or an entity insolvent, having passed appropriate orders to resolve it and protect the rights of the creditors. Neha Malhotra, Executive Director contributed article on Bankruptcy code for faster resolution for creditor for Financial Express.
Bankruptcy code for faster resolution for creditor- Neha Malhotra
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