Foreign currency claims valuation set at the official exchange rate on the fast track commencement date for insolvency proceedings. Claims denominated in foreign currency must be valued in Indian currency at the official exchange rate on the fast track commencement date; "official ... Summary
Foreign currency claims valuation set at the official exchange rate on the fast track commencement date for insolvency proceedings.
Claims denominated in foreign currency must be valued in Indian currency at the official exchange rate on the fast track commencement date; "official exchange rate" means the reference rate published by the Reserve Bank of India or a rate derived from those reference rates.
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