Foreign Creditors cannot be treated differently from Domestic Creditors: HC

Advertisement Oshiaki Aiba as the Bankruptcy Trustee of the Estate of Vipan Kumar Sharma Vs. Vipan Kumar Sharma & Anr. (Delhi High Court) Judgments passed by the foreign courts have to be respected by the Indian Courts, unless the same are shown to be falling under the limited exceptions provided in Section 13 of the CPC. The Plaintiff, being the Bankruptcy Trustee appointed by the Japanese court, is seeking the assistance of the courts in India, to administer assets of defendant no. 1 in India. There is no reason why a person who has been declared bankrupt by a foreign court in terms o...