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Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021 | CaseEase - Legal Intelligence Simplified

Regulation

Regulation 22

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The claims denominated in foreign currency shall be valued in Indian currency at the official exchange rate as on the pre-packaged insolvency commencement date. Explanation.- “official exchange rate” is the reference rate published by the Reserve Bank of India or derived from such reference rates.