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Cross-border insolvency framework: adopt Model Law into the Code with COMI rules, moratorium alignment, and cooperation guidelines. The Committee recommends adopting the UNCITRAL Model Law into the Code via a draft Part Z for corporate debtors, with reciprocity initially, prescribed exclusions, definitions (including rebuttable presumption of registered office as COMI with a three-month look-back), English translations of documents, timelines for recognition, and safeguards to prevent forum shopping. Relief on recognition would align with section 14 moratorium and discretionary Article 21-type remedies subject to protection of domestic creditors; interim relief is not adopted; avoidance action standing is provided with insolvency commencement dated under foreign law. Central Government and IBBI to notify subordinate rules and cooperation guidelines.