Certification Regarding Debarment, Suspension, Ineligibility and Voluntary Exclusion Lower Tier Covered Transactions â¬ This certification is required by the regulations implementing Executive Order 12549, Debarment and Suspension, 13 CFR Part 145. The regulations were published as Part VII of the May 26, 1988 Federal Register (pages 19160-19211).
Legal Definition of insolvent. 1  1 : having ceased paying or unable to pay debts as they fall due in the usual course of business â compare bankrupt. 2  2 : having liabilities in excess of a reasonable market value of assets held. 3  3 : insufficient to pay all debts an insolvent estate.
Ricoh India files for insolvency proceedings Ricoh India has filed for insolvency proceedings as it is unable to meet its liabilities. The company has come to a position where it is unable to meet its liabilities and this course of action has been decided in the best interest of the company, its Customers, Employees and Minority Shareholders and all other Stakeholders.The company has fil..