•  The government is keen to introduce a globally accepted and well-recognised cross-border insolvency framework, which would also make India an attractive investment destination for foreign creditors, given the increased predictability and certainty of the insolvency process.
• The cross-border insolvency norms are being worked upon.
• The Insolvency and Bankruptcy Board of India (IBBI) is a nodal body that implements the Insolvency and Bankruptcy Code (IBC).

The Hindu