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Critical Analysis Of The Cross-Border Regime In India: A Study Of The Current Situation And Recommendation For The Path Ahead




Aneesh Khare, MIT World Peace University, School of Law, Pune


ABSTRACT


The globalized world of the 21st century has seen an unprecedented increase in foreign financial investments. This has led to a rise for the need for countries to have their own cross-border insolvency regimes to facilitate the recovery of investments of both those who are inside as well as outside the country. It facilitates quicker recovery of bad debts and investments in foreign countries. India despite being one of the fastest growing economies in the world, has not yet adopted its own cross-border insolvency laws. The aim of this seminar paper is to analyze the situation of cross-border insolvency in the country, provisions applicable, as well as the progress being made with respect to creation of a cross- border regime in India.


Keywords: Insolvency, Cross-border Insolvency, European Union, Insolvency Law Committee, UNCITRAL Model Law

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Indian Journal of Law and Legal Research

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Abbreviation: IJLLR

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