In theory, ICANN should transfer registrations to an emergency Registrar.
https://www.icann.org/resources/pages/bankruptcy-breaches-2014-01-29-en

This is done automatically.

Kindest regards,

Olivier

On 03/10/2020 10:53, Maureen Hilyard wrote:
Interesting situation in India.

---------- Forwarded message ---------
From: Rahul Srivastava via APAC-Discuss <apac-discuss@atlarge-lists.icann.org>
Date: Fri, Oct 2, 2020 at 10:08 PM
Subject: [APAC-Discuss] Net4India operation closed
To: apac-discuss@atlarge-lists.icann.org <apac-discuss@atlarge-lists.icann.org>


As per media reports, Net4india Indi's largest registrar has closed its operations and may file bankruptcy.

Now customers having domain names registered with them want to transfer them out. Customers are able to transfer authorization code from the admin panel but net 4 India has locked the domains (client transfer prohibited) and there is no option of unlocking. 

Several emails to customer support gone unanswered.

Several customers are facing similar issues.

Curious to know what role ICANN can play in it

Regards
Rahul 

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-- 
Olivier MJ Crépin-Leblond, PhD
http://www.gih.com/ocl.html