Suspending Payment
Legal definition for Indian law research
Definition
Suspending payment, is a well-known commercial expression; and a merchant suspends payment when he ceases to discharge his mercantile obligations in due course. In ordinary parlance, the terms 'insolvent' and 'suspending payment' have practically the same meaning, Chemsey v. Gill & Co., 7 Bom LR 154.
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.