Foreign creditors will have to wait to stake claims in insolvent companies – Business Standard
Creditors across the border will have to wait to be part of the insolvency process in India.While the sections pertaining to cross-border insolvency in the Insolvency and Bankruptcy Code have been notified, the rules are yet to be framed. M S Sahoo, chairman of the Insolvency and Bankruptcy Board of India (IBBI), says…