Govt plans law for lenders to pursue defaulters abroad - Shahpur Turk CSC - Common Service Centre in Sonipat Govt plans law for lenders to pursue defaulters abroad

Shahpur Turk CSC - Common Service Centre in Sonipat, Haryana, India provides following Services through its Common Service Centre:- Banking, Insurance Motor, Insurance Health, Insurance Life, Insurance cattle, Insurance property, Insurance Fire, Insurance personal accident, PAN Card, Passport Assistance Services, Premium Collection Services of Insurance Companies, Birth Death Certificates, Pension Services, Aadhar, voter card, ration card, IRCTC train / air / bus ticket booking, hotel booking.

26 November 2021

Govt plans law for lenders to pursue defaulters abroad

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.

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26 November 2021

Govt plans law for lenders to pursue defaulters abroad

Govt plans law for lenders to pursue defaulters abroad

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