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Newsletter Issue - September 2019

Key Updates:

  • Cross-border Insolvency - Control and custody of assets of the Corporate Debtor outside India can be taken by the Resolution Professional only with an approved arrangement with the foreign insolvency court appointed Administrator of the Corporate Debtor.

  • NCLAT upholds that during the period of moratorium, the restriction on government from either recovering any amount or even issuing a demand notice.

Policy Updates:

  • Insolvency and Bankruptcy Code (Amendment) Act, 2019

Hammurabi & Solomon (H&S)September
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