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