Net4 India Bankruptcy

IT.com
I agree but the registries should be stepping in. I.e. a bulk transfer of all domains to another registrar, and an email to all registrants explaining that they can deal with their domains through the new registrar.
 
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Here is a bit of an update -


What’s unclear is why the company has been permitted to continue to operate as an accredited registrar, despite its insolvency proceeding being a direct violation of the RAA. ICANN filed a suspension notice in June last year, but has postponed its effective date ever since.
 

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