valid as on 11/12/2018

2.9.25:Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017

25. Debt in foreign currency.

The claims denominated in foreign currency shall be valued in Indian currency at the official exchange rate as on the liquidation commencement date.

Explanation- “The official exchange rate” is the reference rate published by the Reserve Bank of India or derived from such reference rates.


CAIRR PLUS on Google Playsecretarial automation?Subscribe for Updates