Cross Border Insolvency and the UNCITRAL Model Law: Challenges and Prospects for India
For many years, India's insolvency situation was limited to its borders, leaving a huge blind spot in a time when companies operate all over the world. Although the Insolvency and Bankruptcy Code (IBC) of 2016 revolutionized domestic debt resolution, it did not address the issue of assets and creditors located in various nations. This article explores India's pressing and long overdue adoption of the UNCITRAL Model Law on Cross-Border Insolvency . We examine why waiting for the government to sign separate treaties with each nation was never a practical solution. I analyse the conflict between Indian law and international norms using actual cases, such as the Jet Airways scandal. The Insolvency and Bankruptcy Code (Amendment) Bill, 2025, is the main topic of conversation. What Is stopping us? Finding a company's "Centre of Main Interests" is simple on paper, but in the age of digital offices and shell corporations, it can be extremely difficult. It is extremely demanding to ask our NCLT benches, who are already overworked, to coordinate with foreign judges. The outlook remains positive in spite of these obstacles. Legal neatness is only one aspect of moving toward a single international standard; another is making India a more secure and reliable location for foreign investors.