Understanding the meaning of “bankrupt” in Hindi is crucial for anyone navigating the Indian business landscape or dealing with legal and financial matters. The term encompasses not only the legal definition but also carries cultural connotations related to financial failure and its impact on individuals and society. This article will delve into the various Hindi translations of “bankrupt,” explore their nuances, and provide practical examples of their usage in different contexts.
What Does “Bankrupt” Mean in Hindi?
Hindi offers several ways to express the concept of bankruptcy, each with its own subtle differences in meaning and usage. The most common translations include:
- दिवालिया (Diwaliya): This is the most widely used and readily understood term for “bankrupt” in Hindi. It directly refers to the legal state of insolvency and carries a strong connotation of financial ruin.
- दिवाला निकलना (Diwala Nikalna): This phrase literally translates to “bankruptcy coming out” and describes the process of becoming bankrupt. It emphasizes the action of declaring bankruptcy.
- टूट जाना (Toot Jana): A more colloquial term, meaning “to be broken” or “to be ruined.” While not strictly legal terminology, it’s frequently used to describe someone who has suffered significant financial losses, often leading to bankruptcy.
- कंगाल होना (Kangal Hona): This translates to “becoming penniless” and emphasizes the extreme poverty resulting from bankruptcy. It carries a more informal and emotive tone than the other terms.
- दरिद्र (Daridra): While meaning “poor” or “impoverished,” this term can also be used in contexts where bankruptcy has led to extreme poverty. However, it’s a broader term and doesn’t specifically denote the legal state of bankruptcy.
Legal and Financial Implications of Bankruptcy in India
The legal definition of bankruptcy in India is governed by the Insolvency and Bankruptcy Code, 2016. This law outlines the process for individuals and companies to declare insolvency and seek resolution. Understanding these legal procedures is essential for anyone involved in business or finance in India.
Cultural Perceptions of Bankruptcy in India
Bankruptcy is often viewed as a social stigma in India, associated with shame and failure. This cultural perception can make it difficult for individuals to seek help and support during financial hardship.
How to Use “Bankrupt” in Hindi Sentences
Here are some examples of how to use the different Hindi translations of “bankrupt” in sentences:
- वह व्यापारी दिवालिया हो गया। (Wah vyapari diwaliya ho gaya.) – The businessman went bankrupt.
- उसकी कंपनी का दिवाला निकल गया। (Uski company ka diwala nikal gaya.) – His company went bankrupt.
- वह जुए में सब कुछ टूट गया। (Wah jue mein sab kuchh toot gaya.) – He lost everything in gambling and is ruined.
- वह कंगाल हो गया है। (Wah kangal ho gaya hai.) – He has become penniless.
What Happens After Bankruptcy in India?
The Insolvency and Bankruptcy Code outlines the process for resolving bankruptcy cases, including the liquidation of assets and the distribution of proceeds to creditors. It’s a complex legal process with significant implications for all parties involved.
Conclusion
Understanding the meaning of “bankrupt” in Hindi is essential for anyone navigating the Indian business and legal landscape. By understanding the different Hindi translations and their nuances, you can communicate effectively and avoid misunderstandings in sensitive financial situations. This knowledge is crucial for both personal and professional success in India.
FAQ
- What is the most common Hindi word for “bankrupt”? Diwaliya (दिवालिया) is the most common and widely understood term.
- Is there a cultural stigma associated with bankruptcy in India? Yes, bankruptcy is often viewed negatively and can carry significant social stigma.
- What is the law governing bankruptcy in India? The Insolvency and Bankruptcy Code, 2016.
- What does “Toot Jana” mean in the context of bankruptcy? It means to be ruined or broken financially, often implying bankruptcy.
- What does “Kangal Hona” imply? It implies becoming penniless and emphasizes the extreme poverty resulting from financial ruin.
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