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

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.

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