valid as on 21/07/2024

2.5.26:Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016

26. 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.

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