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Are bankrupty protection laws or similar law in india?

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 March 2013 I have come across about "Bankrupty Protection Laws" in united states.
More details are available at https://www.wisegeek.com/what-is-bankruptcy-protection.htm

Does such laws are available in india where a person / business / company / HUF can use this law to their protections?
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Querist : Anonymous

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Querist : Anonymous (Querist)
19 March 2013 You can also visit https://www.debtsteps.com/bankruptcy-facts.html for more details on "Bankruptcy Facts & How They Affect You" as per THE FEDERAL INSOLVENCY LAWS.

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