While the CLRP framework presents itself an progressive endeavor to introduce flexibility and efficiency into the insolvency regime, its current form contains several flaws that go to the root of the matter, compromising its efficacy.

The airline insolvency framework in India is still in need of a solution. The evolution has been more of a trade of one problem for another.

This article seeks to evaluate the role of the creditor-in-control model in achieving the objectives of the Insolvency and Bankruptcy Code.