Insolvency & Bankruptcy in India
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What is <strong>Bankruptcy</strong><br />
<br />
<br />
<br />
<strong>Bankruptcy</strong> refers to a declaration<br />
of <strong>in</strong>solvency<br />
It is only after this declaration that<br />
the <strong>Insolvency</strong> and <strong>Bankruptcy</strong><br />
Board of <strong>India</strong> steps <strong>in</strong><br />
<strong>Bankruptcy</strong> declaration can either<br />
be filed by the debtor or the<br />
creditors<br />
When bankruptcy is declared,<br />
<strong>in</strong>solvency resolution process is<br />
<strong>in</strong>itiated.
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