The objective of this article is to evaluate the provisions relating to the Particular Market Situation in India and other WTO member countries. This article also attempts at comparing the scope of the provisions relating to Particular Market Situation as envisaged under Indian law vis-à-vis similar provisions in other WTO countries.

Since, a sound and effective insolvency system is a sine qua non for any sustainable economy, the Indian Insolvency regime underwent a turmoil to come up with the Insolvency and Bankruptcy Code, 2016 (referred to as Code/IBC).

An individual often faces a situation where he is unable to return what he had borrowed. In financial terms, this state of inability to repay is referred as insolvency. When an individual borrows money from the market (financial institutions as creditors) and he fails to repay it within the given time frame, this makes him an insolvent.

The relevance of cost and prices of Non-Market Economy country/firm while calculating the normal value