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India’s SEL Manufacturing obtains first Chapter 15 recognition of IBC bankruptcy

By Declan Bush

11 November 2019

The Delaware Bankruptcy Court has recognised an Indian textile company’s bankruptcy case, in what counsel have called a vote of confidence in India’s new restructuring regime.

India’s SEL Manufacturing obtains first Chapter 15 recognition of IBC bankruptcy Bankrupt Indian textile maker SEL Manufacturing has won Chapter 15 recognition in Delaware. (Credit: iStock.com/ogolne)