Government releases draft on cross-border insolvency resolution

The Ministry of Corporate Affairs has released draft on cross-border insolvency in order to strengthen Insolvency and Bankruptcy Code (IBC). It will help banks access overseas assets of company undergoing resolution. Similarly, Indian authorities will also be required to cooperate with foreign creditors to domestic company. Need The existing IBC provides for two Sections –234 ..

Month: Current Affairs - June, 2018

Topics: Business • Cross-border insolvency • Economy • Insolvency and Bankruptcy Code • Ministry of Corporate Affairs • UNCITRAL • UNCITRAL Model Law on Cross-Border Insolvency