Foreign currency claims valued in Indian currency at the official exchange rate on the bankruptcy commencement date. Claims denominated in foreign currency must be valued in Indian currency at the official exchange rate as on the bankruptcy commencement date; 'official exchange rate' means the published reference rate or a rate derived from that reference rate.
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 valued in Indian currency at the official exchange rate on the bankruptcy commencement date.
Claims denominated in foreign currency must be valued in Indian currency at the official exchange rate as on the bankruptcy commencement date; "official exchange rate" means the published reference rate or a rate derived from that reference rate.
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