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    <title>Foreign Companies in Insolvency Process Exempt from Impossible Statutory Requirements; Petitions by Advocates are Valid.</title>
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    <description>Corporate Insolvency process - in the case of operational creditors, the petition filed by a foreign company need not observe such requirements of a statute which are impossible of compliance, namely, of getting a certificate from Indian financial institutions evidencing default in repayment of a debt. We also think that the petition filed by an advocate would be maintainable.</description>
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      <description>Corporate Insolvency process - in the case of operational creditors, the petition filed by a foreign company need not observe such requirements of a statute which are impossible of compliance, namely, of getting a certificate from Indian financial institutions evidencing default in repayment of a debt. We also think that the petition filed by an advocate would be maintainable.</description>
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      <law>Insolvency and Bankruptcy</law>
      <pubDate>Sat, 08 Sep 2018 13:19:44 +0530</pubDate>
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