About the workshop
The Indian Institute of Management Bangalore is organizing a workshop on Insolvency and Bankruptcy Code (IBC) on July 22 (Sunday), 2018 at the IIMB Auditorium.
About Insolvency and Bankruptcy Code
This is intended to promote entrepreneurship and balance the interests of various stakeholders by protecting the value of assets and minimization of financial risks. It protects the corporates and creditors’ interest without disrupting the functioning of the enterprise.
The recent amendments to the code, protecting rights of the home-buyers against the unscrupulous practices of the real-estate companies and safeguarding the Micro and Small Enterprises against the forceful recovery of debt are worth commendable.
IBC is an architecture developed on strong reinforcing pillars with DRT and NCLT acting as Adjudicating Authorities, Insolvency and Bankruptcy Board of India (IBBI) as regulatory oversight over Insolvency Professionals, Insolvency Professional Agencies and Information Utilities.
Since its commencement in a short period of time, more than 700 cases have been admitted at all India level in 12 NCLT benches, while there have been 87 cases in which liquidation proceeding have been started and 22 cases got approval for their resolution plan. This is a remarkable achievement in the Indian legal system.
This code is providing several opportunities for banks in recovery of the stressed debt and facilitate restructuring opportunities for corporate entities and promoting the healthy business environment. This code also provides challenging career opportunities in the areas of insolvency resolution, corporate restructuring and liquidation.
Topics to be covered at the workshop
- IBC: Its provisions, structure and amendments of 2018; mechanisms for operational creditors, financial creditors and home buyers.
- Recovery Mechanisms under IBC vis-a-vis SARFAESI, Recovery of Debts Due to Banks and Financial Institutions Act, 1993 and other legal mechanisms.
- Restructuring Mechanism – Asset restructuring companies, Takeover of management and Corporate financial restructuring strategies.
- Role of Insolvency Professionals, Insolvency Professional Agencies and Information Utilities.
The speakers of the workshop are leading law professionals, NCLT members, insolvency professionals, corporate financial consultants and academia including Hon’ble Justice Shri S. J. Mukhopadhaya (Chairperson – National Company Law Appellate Tribunal), Dr Ashok Kumar Mishra (Member Technical NCLT Bangalore), Aparna Ravi (Samvad Partners), Sumana Rao, insolvency professional, Thirpal Gorgie, insolvency professional, and M Ramana, advocate.
IIMB Auditorium, Bannerghatta Road, Bengaluru, 560 076.
- For IIMB students: Free
- For students of other institutions: Rs 1000/-
- For corporate or bank executives: Rs 3000/-
Note: No accommodation or travel facilities will be provided.
For any details, assistance for information, kindly contact:
|Workshop Coordinator||Prof. Jayadev M (Finance and Accounting Area)||firstname.lastname@example.org|
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