Dakshita Arora, UPES, Dehradun
ABSTRACT
In a world of globalisation and increasing cross-border trade, this paper seeks to emphasise the need to incorporate the UNCIRAL Model Law in the Indian legal framework on insolvency. Addressing the background of insolvency laws in India and its inadequacy, the author has strived to walk the readers through the current issues faced by the company with asset linkages spread across the world and the plight of its domestic and foreign lenders, thereof. Further, the research goes on to analyse the current provisions of insolvency and bankruptcy in India. It seeks to bridge the gap between the inefficient provisions and an ideal legal framework on cross-border insolvency in India through the latest judicial pronouncements.
Commenti