Letter of request for cross border assets: authority may seek foreign evidence or action under reciprocal arrangements. Where assets of a corporate debtor, debtor, or personal guarantor are located abroad and reciprocal arrangements exist, the resolution professional, liquidator or bankruptcy trustee may apply to the Adjudicating Authority for evidence or action; the Adjudicating Authority, if satisfied of necessity, may issue a letter of request to a competent foreign court or authority to obtain such evidence or effect such action.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Letter of request for cross border assets: authority may seek foreign evidence or action under reciprocal arrangements.
Where assets of a corporate debtor, debtor, or personal guarantor are located abroad and reciprocal arrangements exist, the resolution professional, liquidator or bankruptcy trustee may apply to the Adjudicating Authority for evidence or action; the Adjudicating Authority, if satisfied of necessity, may issue a letter of request to a competent foreign court or authority to obtain such evidence or effect such action.
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