235. (1) Notwithstanding anything contained in this Code or any law for
the time being in force if, in the course of insolvency resolution process,
or liquidation or bankruptcy proceedings, as the case may be, under this
Code, the resolution professional, liquidator or bankruptcy trustee, as the
case may be, is of the opinion that assets of the corporate debtor or
debtor, including a personal guarantor of a corporate debtor, are situated
in a country outside India with which reciprocal arrangements have been made
under section 234, he may make an application to the Adjudicating Authority
that evidence or action relating to such assets is required in connection
with such process or proceeding.
(2) The Adjudicating Authority on receipt of an application under
sub-section (1) and, on being satisfied that evidence or action relating to
assets under sub-section (1) is required in connection with insolvency
resolution process or liquidation or bankruptcy proceeding, may issue a
letter of request to a court or an authority of such country competent to
deal with such request.