ONE-DAY HYBRID WORKSHOP ON INSOLVENCY AND BANKRUPTCY CODE,2016: CURRENT PERSPECTIVE
Date: 1st August 2022
Venue: JNIBF, Gachibowli, Hyderabad – 500 032
ABOUT THE WORKSHOP
The Insolvency and Bankruptcy Code, 2016 (IBC) constitutes a critical economic reform. The provisions in the IBC relating to corporate insolvency came into force on 1st December 2016. The entire regulatory framework and the ecosystem relating to corporate insolvency are in place.
The Code provides for processes for the resolution of insolvency, wherever possible, and closure of firms, wherever required. Through these processes, it addresses (i) reducing the possibility of failure; (ii) rehabilitating failing viable firms; and (iii) releasing resources from failed, but unviable firms to other uses. It enables the optimum utilisation of resources, all the time, by (a) preventing the use of resources below the optimum potential; (b) ensuring efficient resource use within the firm through the resolution of insolvency; and (c) releasing unutilised or under-utilized resources for efficient uses through the closure of the firm. It improves the availability of credit by (i) preventing default; (ii) recovering default from future earnings of the firm, post-resolution; and (iii) recovering default from the sale of liquidation assets. It liberates resources stuck up in inefficient and defunct firms for continuous recycling and changes the journey from ‘Hopeless End’ to ‘Endless Hope’
You are invited to attend this one-day workshop that will provide a comprehensive overview unveiling the entire Code, the processes involved, Regulations, and assessing the Code from the perspective of various stakeholders. The pedagogy will involve the practitioners who will bring forth real case studies.
Download full details of the Workshop
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