Breaking Boundaries: Understanding Cross Border Insolvency
Ancoraa Resolution16 Mar, 2024Business
The IBC recognizes the importance of addressing cross border insolvency issues and incorporates provisions to deal with such cases. Section 234 of the IBC specifically deals with cross-border insolvency. It empowers the Central Government to enter into agreements with foreign countries to enforce the provisions of the IBC relating to cross-border insolvency.
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