1) declare your self an insolvent

2) since you are unable to pay dues and have many creditors make application under provisions of insolvency act to declare your self an insolvent

3) an individual can file an insolvency petition if he/she is unable to pay his/her debts and

Debts amount to more than Rs.500

4) Once an insolvency petition is filed, the Court can appoint an interim receiver after presentation of the insolvency petition or before an order is made. On making an order of adjudication, the property of an insolvent individual would vest with the official assignee or the receiver and becomes divisible among the creditors.

Hi, Dear Sir, I can't understand your question, pls explain to me in appropriate way.

You can get loan for your business improvement from any Bank or Financial Institution on proving securities of Income Tax Payees

If you have incurred heavy debts around and not able to pay back the loans or debts, you may file an insolvency petition before the court competent, to get away from the loan burdens by impleading all the creditors as respondents.