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.
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.
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
