https://www.taxtmi.com/circulars?id=59505 The Reserve Bank permits resolution applicants under Corporate Insolvency Resolution Process to raise ECBs, excluding borrowings from branches/overseas subsidiaries of Indian banks, for repayment of rupee term loans of the target company under the approval route; proposals must be routed through Authorised Dealer Category I banks to the Foreign Exchange Department, Central Office, Mumbai, and all other ECB provisions remain unchanged. en-us Thu, 07 Feb 2019 00:00:00 +0530 Fri, 08 Feb 2019 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=59505 The Reserve Bank permits resolution applicants under Corporate Insolvency Resolution Process to raise ECBs, excluding borrowings from branches/overseas subsidiaries of Indian banks, for repayment of rupee term loans of the target company under the approval route; proposals must be routed through Authorised Dealer Category I banks to the Foreign Exchange Department, Central Office, Mumbai, and all other ECB provisions remain unchanged. Circulars FEMA Thu, 07 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=59505