New Bankruptcy Opinion: In re Ashapura Minechem Ltd (S.D.N.Y.); Issue: Recognition of Foreign Proceeding (Chapter 15)

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Armada (Singapore) Pte Ltd. appealed pursuant to section 158 of Title 28 of the United States Code from a Bench Decision of the Bankruptcy Court for the Southern District of New York granting Ashapura Minechem Ltd.'s Chapter 15 petition for recognition as a foreign main proceeding of an insolvency proceeding voluntarily commenced in India by Ashapura. The Bench Decision is affirmed.

Link to free copy of full text of the opinion: http://wp.me/p29MeI-6dl

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Published In: Bankruptcy Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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