Day 12
JudiciarySkim2025-03-24
Singapore Court Recognises Indian NCLT Insolvency Proceedings
What Happened
The Singapore High Court recognized India's Corporate Insolvency Resolution Process (CIRP) of Compuage Infocom Limited as a 'foreign main proceeding'. This ruling was made under the UNCITRAL Model Law on Cross-Border Insolvency on March 24, 2025.
Why It Matters
This landmark decision validates the NCLT framework internationally and strengthens India's standing in global cross-border insolvency resolution.
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