https://www.taxtmi.com/acts?id=54058 Power is conferred on the Central Government to prescribe the manner and conditions for administering and conducting cross-border insolvency proceedings, including recognition, relief, judicial cooperation, assistance and coordination, for notified classes of debtors or corporate debtors involving countries or territories outside India. The rules may apply the Code or the Companies Act, 2013 with necessary exceptions, modifications and adaptations, and may designate one or more Benches for such proceedings. The draft rule is to be laid before Parliament, and corporate debtor includes a limited liability person incorporated outside India. en-us Wed, 08 Apr 2026 16:35:56 +0530 Mon, 13 Apr 2026 17:10:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=54058 Power is conferred on the Central Government to prescribe the manner and conditions for administering and conducting cross-border insolvency proceedings, including recognition, relief, judicial cooperation, assistance and coordination, for notified classes of debtors or corporate debtors involving countries or territories outside India. The rules may apply the Code or the Companies Act, 2013 with necessary exceptions, modifications and adaptations, and may designate one or more Benches for such proceedings. The draft rule is to be laid before Parliament, and corporate debtor includes a limited liability person incorporated outside India. Act-Rules IBC Wed, 08 Apr 2026 16:35:56 +0530 https://www.taxtmi.com/acts?id=54058