Tag: insolvency
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India’s Position on Model Law for Cross-BorderInsolvency
The global nature of modern commerce necessitates efficient legal frameworks to address insolvency cases that span multiple jurisdictions. India, with its growing economy and integration into the global market, has recognized the importance of adopting robust mechanisms for cross-border insolvency. The United Nations Commission on International Trade Law (UNCITRAL) Model Law on Cross-Border Insolvency serves…
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The Insolvency and Bankruptcy Code at Play: Jet Airways’ Legal Battle for Survival
Jet Airways, once India’s premier full-service airline, was a symbol of success in the aviation industry. However, by 2019, financial distress caused by mounting debts, increasing competition, and mismanagement had pushed the airline to the brink of collapse. This financial turmoil led to the grounding of Jet Airways, leaving thousands of employees, creditors, and passengers…
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