What happens when an Indian company enters insolvency under the IBC, but its most valuable assets are located in Dubai, Singapore, or London?

Can the Resolution Professional or NCLT reach across international borders to seize them, or does foreign law block the recovery?

In Part 14 of our IBC Series, we examine cross-border insolvency, the UNCITRAL Model Law framework, and where India's legal regime stands under the Insolvency and Bankruptcy Code, 2016.

00:00 - Introduction: The Dubai Warehouse Dilemma

01:10 - Ownership vs. Legal Authority Over Foreign Assets

01:47 - Current Framework: IBC Sections 234 & 235

02:37 - Why Bilateral Agreements Aren't Enough

04:02 - The UNCITRAL Model Law on Cross-Border Insolvency (1997)

05:06 - The 4 Core Pillars: Access, Recognition, Relief & Cooperation

06:09 - Where Does India Stand on Cross-Border Insolvency?

07:20 - The 2026 IBC Amendment & Section 240C Explained

08:05 - The Core Dilemma: Can IBC Reach Across Borders?

08:52 - Preview: Personal Guarantors & Beyond Corporate Entities

09:34 - Summary & Sections to Read

⚖️ Previous Episodes in the IBC Series:

• Part 13: How to Close a Company Without Bankruptcy? https://youtu.be/ssBjK_EnlWI

• Part 12: Why Fast-Track Insolvency Failed in Practice https://youtu.be/zrAuKNcWVeU

• Part 11: What If Debt Is Killing a Good Business? PPIRP https://youtu.be/BETaYPiIjls

📖 Relevant Provisions & References:

• IBC Sections 234 & 235 (Agreements with Foreign Countries & Letter of Request)

• UNCITRAL Model Law on Cross-Border Insolvency

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#IBC #InsolvencyAndBankruptcyCode #CrossBorderInsolvency #NCLT #SatyaArthLegal #CorporateLaw #IndianLaw

Read the provisions from here, the bare act itself: https://ibbi.gov.in/uploads/legalframwork/2026-04-07-115842-i5nsk-7ed69ef2a4d23a8b0d472cc0fcd55e79.pdfThis is the story behind the law, the law itself—and what the law is not.

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