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
महाराष्ट्रातील चालू घडामोडी तात्काळ देणार नेटवर्क Maharashtra Darshan live News
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