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Undischarged insolvent

Corporate & Other Laws

Explain this


Sibi Srinivasan

Sibi Srinivasan

CA Final

22K+

17-Sep-21 14:18

677

Answers (2)

A person is declares insolvent when he is unable to pay his debts and as long as he remains in that position, he is an undischarged insolvent. That is as long as he has not discharged his debts(made the repayment) he remains an undischarged insolvent.


Ashlesha Atal

Ashlesha Atal

Faculty

17-Sep-21 14:23

Ok mam tq


Thread Starter

Sibi Srinivasan

Sibi Srinivasan

CA Final

22K+

17-Sep-21 14:25

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