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Cross Border Insolvency In India: Challenges And Prospects


Karanam Manaswini, BBA LLB, Christ University, Pune


ABSTRACT


With globalization and the increasing interconnectedness of markets, cross- border insolvency has emerged as a significant legal challenge faced by nations worldwide. India, a rapidly growing economy and a hub for international trade, is not immune to these challenges. This paper examines the issues surrounding cross-border insolvency in India, exploring existing frameworks, legislative advancements, pertinent challenges, and the prospects for a more robust insolvency resolution mechanism in the country. Cross-border insolvency involves cases where the financial distress of a debtor transcends national borders, presenting unique challenges and prospects. This paper examines the intricacies of cross-border insolvency in India, focusing on existing legislative frameworks, judicial practices, and international cooperation. Given the growing globalization of trade and finance, understanding these dynamics is essential for policymakers and practitioners.


Keywords: Cross-border insolvency, India, bankruptcy law, international cooperation, legal framework.



Indian Journal of Law and Legal Research

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Abbreviation: IJLLR

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ISSN: 2582-8878

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Website: www.ijllr.com

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Accessibility: Open Access

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License: Creative Commons 4.0

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Submit Manuscript: Click here

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Licensing: ​

 

All research articles published in The Indian Journal of Law and Legal Research are fully open access. i.e. immediately freely available to read, download and share. Articles are published under the terms of a Creative Commons license which permits use, distribution and reproduction in any medium, provided the original work is properly cited.

 

Disclaimer:

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The opinions expressed in this publication are those of the authors. They do not purport to reflect the opinions or views of the IJLLR or its members. The designations employed in this publication and the presentation of material therein do not imply the expression of any opinion whatsoever on the part of the IJLLR.

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