Liquidation Process Regulation 26 of IBBI (Liquidation Process) Regulations, 2016 – Debt in foreign currency

The Insolvency and Bankruptcy Code, 2016 IBBI (Liquidation Process) Regulations, 2016 Chapter-V Claims Regulation 26: Debt in foreign […]

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The Insolvency and Bankruptcy Code, 2016

IBBI (Liquidation Process) Regulations, 2016

Chapter-V Claims

Regulation 26: Debt in foreign currency.

26. 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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