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        IBC

        Regulation 26 - Debt in foreign currency

        Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016
        Chapter V
        CLAIMS

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        Foreign currency claims valuation: require conversion at the official exchange rate on liquidation commencement under liquidation rules. Claims denominated in foreign currency shall be valued in Indian currency at the official exchange rate as on the liquidation commencement date; the official exchange rate is the reference rate published by the central banking authority or derived from such 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: require conversion at the official exchange rate on liquidation commencement under liquidation rules.

                              Claims denominated in foreign currency shall be valued in Indian currency at the official exchange rate as on the liquidation commencement date; the official exchange rate is the reference rate published by the central banking authority or derived from such reference rates.


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