(National Law University and Judicial Academy, Assam) Gupta, Deepshikha; Shrivas, Anand Ramadhar
Insolvency is a state at which an individual, company, or other association can't meet its financial transactions or liabilities for paying their obligations to the creditors. Insolvency can happen when certain things occurs, some of which may include: poor money administration, increment in real money costs, or decline in income.