How does the Concurrent List handle bankruptcy and insolvency?
The Concurrent List handles bankruptcy and insolvency through Entry 9, which states: "Bankruptcy and insolvency." This means that both the central government and state governments have the power to make laws related to bankruptcy and insolvency. In case of conflict between a central law and a state law on this subject, the central law will prevail, as per Article 254(1) of the Indian Constitution.