From Jet Airways to Section 240C : Has India's IBC Amendment Act, 2026, Finally Unlocked Cross-Border Insolvency?

Introduction : When a multinational corporation becomes insolvent, the legal complications extend far beyond the borders of a single country. Creditors are located across several jurisdictions; assets may be situated in different territories and group entities may be incorporated under separate legal systems. In such situations, determining the applicable insolvency provisions and coordinating parallel proceedings is an inherently complex exercise. Until recently, Indian insolvency law...