UNCITRAL Current Affairs, GK & News

UNCITRAL  Current Affairs, GK & News

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 ..

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India hosts golden jubilee celebrations of UNCITRAL in New Delhi

India hosted the golden jubilee (50th anniversary) celebrations of United Nations Commission on International Trade Law (UNCITRAL) in New Delhi. The opening address at international conference of the golden jubilee celebrations of UNCITRAL was given by President Pranab Mukherjee. About United Nations Commission on International Trade Law (UNCITRAL) UNCITRAL was established by the UN General ..

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