Comparative Study of Cross-Border Insolvency in India and U.K.
India is one of the fastest developing nations and in the past few decades it has further developed in various fields. This development has also been due to the support of many foreign nations investing in India. This growth of international business has, therefore, also increased the number of the issues with respect to international insolvency. With the expansion of any such areas or fields there comes risks and problems attached to it, so to deal with the issue of lack in the scope of cross-border insolvency in India, the Government of India has formed a committee the report of which is highlighted in this paper. The UK had voted to the European Union (EU) in 2016 and with the model law being adopted in EU and UK’s trade relations with India; this impact of “Brexit” has also been discussed in the paper as one of the research questions.
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