India plans to set up a special bench within the National Company Law Tribunal (NCLT) to expedite cross-border insolvency cases once the new bankruptcy rules are finalized. This initiative follows the recent approval of amendments to the Insolvency and Bankruptcy Code (IBC), which will adopt a modified model from the United Nations Commission on International Trade Law (UNCITRAL). The new framework aims to facilitate easier access for creditors to overseas assets of distressed companies and enable cooperation with foreign courts in insolvency proceedings. The need for such a structure was underscored by delays experienced in cases involving companies like Amtek Auto and Jet Airways. The corporate affairs ministry is tasked with drafting the necessary rules, which will require parliamentary oversight. The establishment of this specialized bench, with members trained in cross-border insolvency, is expected to enhance the efficiency of the resolution process and improve recovery prospects for creditors.