The worldwide integration of economies resulted into high global economic integration but came with the significant issue of crossborder insolvency (hereinafter referred to as ‘CBI’). The issue becomes more complex in India due to factors like the unreliability of timely relief under the Insolvency and Bankruptcy code (“IBC”) 2016, coupled with the ambiguities created due to the lack of clarity in the judiciary’s stance since the Jet Airways case. Additionally, sections 234 and 235 of IBC which were drafted for the same purpose have still not been notified and are insufficient in providing a robust framework for the issue. Given the complex nature of the problem, diagnosing accurate solutions should be a priority. The CBI regime of various jurisdictions like Japan, EU, and Singapore, is more coherent and effective than that of India. To address the Indian CBI issues, the article provides a comparative analysis of the aforementioned foreign CBI regimes, to infer insights that can be acquired from them for implementation into Indian CBI jurisprudence. Towards the end the paper also tries to analyse the recent developments in the BYJUS CBI case and tries to prove the practical application in India of the solutions previously delineated via comparative jurisdictional analysis.