Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Indian Supreme Court levels playing field for foreign creditors in landmark case

By Jessica McKay

15 January 2018

In a case setting two precedents, the Supreme Court of India has ruled that a financial certificate is not mandatory for foreign operational creditors, and lawyers are allowed to issue a demand notice to corporate debtors under the Indian Bankruptcy Code.

Indian Supreme Court levels playing field for foreign creditors in landmark case

India (Credit: Wikimedia Commons/Ekabhishek)