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

If this breakdown helped demystify corporate insolvency law, please like, share, and subscribe to SatyaArth Legal for more deep dives.

#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.

📌 SatyaArth Legal — The Story Behind the Law

Can a company simply shut down without going bankrupt?When a company wants to close its doors, the law does not offer just one exit. In this episode of **The IBC Files**, we explore three distinct legal routes:Liquidation. Voluntary Liquidation. Striking Off.Same destination. Different questions. Different legal doors#SatyaArthLegal #IBC #InsolvencyAndBankruptcyCode #CorporateInsolvency #Liquidation #VoluntaryLiquidation #StrikingOff #CorporateLaw #InsolvencyLaw #IBC2026 #CompaniesAct2013 #LegalAwareness #IndianLaw #TheIBCFilesRead the Provisions from here, the bare act itself : https://ibbi.gov.in/uploads/legalframwork/2026-04-07-115842-i5nsk-7ed69ef2a4d23a8b0d472cc0fcd55e79.pdf

Episode 9 : The NCLT has approved ABC Steel’s Resolution Plan. But is that really the end?Raj wants to challenge the decision. A dissenting financial creditor does too. But where can they go—and what exactly can be challenged?In this episode of the IBC Series, we open the next judicial door: NCLAT, and understand how appeals work under the Insolvency & Bankruptcy Code.We explore who can appeal, on what grounds, and why the appellate remedy is not simply a second chance to disagree with the decision.Sections discussed:• Section 60 — NCLT as Adjudicating Authority• Section 61 — Appeals to NCLAT• Section 31 — Approval of Resolution Plan• Related provisions concerning dissenting financial creditorsEpisode 1 : https://youtu.be/BQBGl4zj3nsEpisode 5 : https://youtu.be/PUcljaMj2tU📖 Read the law yourself: Official IBC Gazette linkhttps://ibbi.gov.in/uploads/legalframwork/2026-04-07-115842-i5nsk-7ed69ef2a4d23a8b0d472cc0fcd55e79.pdf#IBC #InsolvencyAndBankruptcyCode #NCLT #NCLAT #CorporateInsolvency #InsolvencyLaw #ResolutionPlan #IBC2016 #SatyaArthLegal