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Jet Airways ruling could lead to cross-border cooperation framework in India

By Benjamin Clarke

15 July 2019

Jet Airways ruling could lead to cross-border cooperation framework in India iStock.com/Jetlinerimages

In a decision that lawyers say will lead to the creation of a framework for cooperation in cross-border insolvency proceedings, an appellate tribunal in Delhi has stayed part of a lower court’s order that refused to recognise Indian airline Jet Airways’ Dutch bankruptcy proceedings.