Critically evaluate how far the principle of βpari passuβ is embodied in insolvency law and how far should it be.
According to Professors Baird and Jackson, ' insolvency law has only one function: to maximise the returns to creditors and it is not a function of insolvency law to concern itself with employment protection or the interests of the wider community.' To take it into consideration, it is important to say that ' pari passu' β