Overview

The Insolvency and Bankruptcy Code Masterclass: Evolving Trends and Future Directions, enacted in 2016, is one of India's most significant legal reforms aimed at streamlining the process of insolvency and bankruptcy resolution. It provides a time-bound and efficient framework for resolving corporate insolvencies and ensuring that the interests of all stakeholders, including creditors, debtors, and investors, are balanced.

Key Objectives of IBC:

  • Facilitate Faster Resolution: The IBC sets a strict time limit for the completion of the corporate insolvency resolution process (CIRP), which ensures that insolvent companies are either revived or liquidated in an efficient manner.
  • Maximize Value of Assets: By prioritizing early intervention, the IBC seeks to protect the value of assets and avoid further financial deterioration.
  • Empower Creditors: The code introduces a creditor-centric approach, allowing creditors to make key decisions regarding the company's resolution or liquidation through the Committee of Creditors (CoC).
  • Promote Business Continuity: The IBC aims to revive distressed businesses by giving them a fair opportunity to restructure their debts, ensuring that viable companies can continue operations.
  • Improve Ease of Doing Business: The streamlined insolvency framework under IBC is also designed to attract foreign and domestic investments by offering clear and predictable outcomes in the case of financial distress.

IBC is widely regarded as a game-changer for India’s corporate and financial sectors, promoting responsible borrowing and lending practices and contributing to a more robust economic ecosystem. The Code has evolved through various amendments and judicial interpretations, making it a dynamic tool for corporate restructuring and resolution

Key benefits:
Attending the 2-day training program on the Insolvency and Bankruptcy Code (IBC) offers several key benefits for professionals engaged in corporate finance, insolvency, and legal fields. Here are the core advantages based on the program agenda:

  • Comprehensive Understanding of the IBC Framework
  • Deep Dive into the Corporate Insolvency Resolution Process (CIRP)
  • Expert Insights on Resolution Plans and Liquidation
  • Exposure to Emerging Trends and Global Practices
  • Real-World Case Studies and Practical Applications
  • Panel Discussion with Industry Experts
  • Boost Professional Competence

By the end of the program, participants will be equipped with the knowledge and practical skills needed to excel in the field of insolvency and corporate restructuring under the IBC framework.

Insolvency target audience

  • Legal Professionals
  • Corporate Executives
  • Banking and Financial Services
  • Investment Professionals
  • Insolvency Professionals
  • Business Owners & Entrepreneurs
  • Government & Regulatory Bodies
  • Consultants and Advisors

Agenda

10:00 AM onwards
  • 10:00 AM – 10:15 AM

    Welcome & Introduction

    • Opening Remarks
    • Overview of the Training Program and Objectives
    • Introduction of Speakers

    Mani James, Chief Business Officer, Mosaic Digital

  • 10:15 AM – 11:00 AM

    Session 1 - Overview of the Insolvency and Bankruptcy Code (IBC)

    • Key Features and Objectives of the IBC
    • Role of Various Stakeholders: Corporate Debtors, Creditors, Insolvency Professionals
    • Timeline of the Insolvency Resolution Process
    • Recent Amendments and Judicial Interpretations

    Trainer: Sumit Khanna, Co Founder, ReaRCo Private Limited

  • 11:00 AM – 11:45 AM

    Session 2 - Corporate Insolvency Resolution Process (CIRP): Detailed Insights

    • Key Steps in the CIRP
    • Roles and Responsibilities of Insolvency Professionals
    • Committee of Creditors (CoC): Formation, Rights, and Decision-Making
    • Challenges and Pitfalls in the CIRP Process

    Trainer: Dr. Siddharth Srivastava, Partner, Khaitan & Co

  • 11:45 AM – 12:00 PM

    Break

  • 12:00 PM – 12:45 PM

    Session 3 - Resolution Plans: Preparation and Approval Process

    • Structure and Components of a Resolution Plan
    • Criteria for Evaluation of Resolution Plans by the CoC
    • Approval by the National Company Law Tribunal (NCLT)
    • Case Studies of Successful Resolution Plans

    Trainer: Ravi Bhasin, Senior Partner, AZB & Partners

  • 12:45 PM – 1:00 PM

    Day 1 Recap & Q&A

    • Key Takeaways from Day 1
    • Participant Questions and Answers
    • Preview of Day 2 Topics
DAY 2
10:00 AM onwards
  • 10:00 AM – 10:45 AM

    Session 4 - Liquidation Process: Key Considerations and Challenges

    • Liquidation vs. Resolution: Key Differences
    • Appointment of Liquidator and Liquidation Estate
    • Rights of Creditors and Discharge of Claims
    • Case Studies on Liquidation under IBC

    Trainer: Varghese Thomas, Partner, JSA Advocates & Solicitors

  • 10:45 AM – 11:30 AM

    Session 5 - Cross-Border Insolvency and Global Best Practices

    • Introduction to Cross-Border Insolvency: UNCITRAL Model Law
    • India’s Approach to Cross-Border Insolvency
    • Comparative Analysis with International Jurisdictions
    • Future of Cross-Border Insolvency in India

    Trainer: Sumant Batra, Insolvency Lawyer, President, Insolvency Law Academy

  • 11:30 AM – 11:45 AM

    Break

  • 11:45 AM – 12:30 PM

    Panel Discussion - Evolving Trends and Challenges in the IBC Ecosystem

    • Recent Amendments and Key Judicial Rulings
    • Role of Insolvency Professionals: New Opportunities and Challenges
    • Impact of IBC on India’s Corporate and Financial Landscape
    • Best Practices for Efficient Resolution and Liquidation

    Trainers:
    Soumitra Majumdar
    , Partner, JSA Advocates & Solicitors
    Dr. Siddharth Srivastava
    , Partner, Khaitan & Co
    Ravi Bhasin, Senior Partner, AZB & Partners

  • 12:30 PM – 1:00 PM

    Closing Remarks & Feedback Collection

    • Summary of Key Learnings from Both Days
    • Next Steps and Resources for Further Learning
    • Collection of Participant Feedback
DAY 1

Experts

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Sumant Batra

Insolvency Lawyer, President, Insolvency Law Academy
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Ravi Bhasin

Senior Partner, AZB & Partners
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Dr. Siddharth Srivastava

Partner, Khaitan & Co
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Sumit Khanna

Co Founder, ReaRCo Private Limited
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Varghese Thomas

Partner, JSA Advocates & Solicitors
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Soumitra Majumdar

Partner, JSA Advocates & Solicitors
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Mani James

Chief Business Officer, Mosaic Digital - A HT Media Group Company (Moderator)

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