valid as on 14/04/2024

2.12.15:Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017

15. Debt in foreign currency.

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

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

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