The government has proposed changes to the bankruptcy legislation by adopting a global model law that will enable lenders to apply the insolvency law to defaulters’ assets lying overseas. These will include the offshore personal assets of the promoter if they have issued a personal guarantee. The changes would also allow execution of orders against defaulters by overseas courts that have adopted the model law.
from Times of India https://ift.tt/3l94rJr
Post Top Ad
Friday, November 26, 2021
Govt plans law for lenders to pursue defaulters abroad
Tags
# IFTTT
# Times of India
About Unknown
Templatesyard is a blogger resources site is a provider of high quality blogger template with premium looking layout and robust design. The main mission of templatesyard is to provide the best quality blogger templates.
Times of India
Labels:
IFTTT,
Times of India
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment