receivership - Meaning in Gujarati
receivership - Meaning in Gujarati
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Definitions and Meaning of receivership in English
receivership noun
- the office of a receiver
- a court action that places property under the control of a receiver during litigation so that it can be preserved for the benefit of all
- the state of property that is in the hands of a receiver
Example
- "the business is in receivership"
Description
In law, receivership is a situation in which an institution or enterprise is held by a receiver – a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights" – especially in cases where a company cannot meet its financial obligations and is said to be insolvent. The receivership remedy is an equitable remedy that emerged in the English chancery courts, where receivers were appointed to protect real property. Receiverships are also a remedy of last resort in litigation involving the conduct of executive agencies that fail to comply with constitutional or statutory obligations to populations that rely on those agencies for their basic human rights.
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What is receivership meaning in Gujarati?
The word or phrase receivership refers to the office of a receiver, or a court action that places property under the control of a receiver during litigation so that it can be preserved for the benefit of all, or the state of property that is in the hands of a receiver. See receivership meaning in Gujarati, receivership definition, translation and meaning of receivership in Gujarati. Learn and practice the pronunciation of receivership. Find the answer of what is the meaning of receivership in Gujarati.
Other languages: receivership meaning in Hindi
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What is receivership meaning in Gujarati, receivership translation in Gujarati, receivership definition, pronunciations and examples of receivership in Gujarati.
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