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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