Banking and Finance
Recognition Without Reciprocity – Why Indian Insolvency Law Must Catch Up
Today, the world has become a global village, at least in the economic sense. In this increasingly interconnected global economy, corporate distress rarely respects national borders. It is not unknown that every country has multinational enterprises that are operating across various jurisdictions, which inevitably requires that there should be an insolvency regime that cooperates internationally so that there can be preservation of the value of the assets and at the same time there is equitable treatment of the creditor, thereby leading to efficient resolution of cross-border insolvency.
29 July 2025