Efforts on to develop cross-border insolvency framework, say experts – Business Standard

IIIPI Chairman Ashok Haldia said IIIPI has been proactively engaged in capacity building and policy advocacy on various aspects of the insolvency profession | file image

Efforts are going on to develop a cross-border insolvency framework with a cautious approach and such a framework should respect the laws of other countries without superseding Indian law, according to experts.

Former NCLAT (National Company Law Appellate Tribunal) Chairperson S J Mukhopadhaya emphasised the importance of having a robust cross-border insolvency framework in the country.

“We will have to respect the law of other countries, but it does not mean superseding our law. The dominance should be of ou…

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