“Post Pandemic & One Year Suspension”
Friday, 21st August 2020 (11:00 AM To 02:00PM)
Greetings from the ASSOCHAM,
The Covid-19 pandemic has thrown up extreme challenges as well as opportunities for reforms. The government had made recently amendments to the Insolvency and Bankruptcy Code (IBC) to protect buyers of bankrupt companies. Preferential issues rules were eased on temporary basis as a means to restructure stressed assets in absence of Insolvency Bankruptcy Code (IBC). The road towards changing the Insolvency & Bankruptcy Code (IBC) is less simple than it seemed a fortnight ago when the finance minister announced a suspension of fresh IBC proceedings in the wake of Covid-19 pandemic. The proposed Ordinance will also have to consider allowing existing companies to do their own restructuring under IBC in the present environment. With the current Pandemic creating havoc in almost every industry, it is almost certain that a lot of companies would be pushed into insolvency in the coming times and there this scheme of pre-packaged deals, if introduced, may act as a catalyst in helping those companies survive.
Key Areas of Discussion:-
- Restricting the constitution of COC and Moratorium under section 14 of the IBC
- Disturbance in the capital flow of the economy
- Restriction on self-initiated CIRP under section 10 of IBC takes away the right of the Companies of opting itself out from the market
- Bank-led resolution
- The presence of other recovery legislations poses a problem wherein a creditor, has other options to legally initiate recovery against the companies
Eminent Speakers*:-
- Shri Justice Bansi Lal Bhat, Hon'ble Acting Chairperson, National Company Law Appellate Tribunal (NCLAT)
- Dr. M. S. Sahoo, Hon'ble Chairman, Insolvency and Bankruptcy Board of India (IBBI)
- Dr. Niranjan Hiranandani, President, ASSOCHAM and Co-Founder & MD, Hiranandani Group of Companies
- Shri Deepak Sood, Secretary General, ASSOCHAM
- Shri S. Raman, MD & CEO, National E-Governance Services Ltd.
- Shri Anil Goel, Founder Chairman, AAA Insolvency Professionals LLP
- Shri Balwinder Singh, President, Institute of Cost Accountants of India
- Shri Ankur Srivastava, Managing Partner, EZY Laws
- Shri Alok Dhir, Managing Partner, Dhir & Dhir Associates Advocates & Solicitors
- Shri Punit Dutt Tyagi, Executive Partner, Lakshmikumaran & Sridharan
- Shri Sahil Narula, Partner, RNC Valuecon LLP
*Eminent Speakers are subjected to change
In this connection, on behalf of the ASSOCHAM National Council for Insolvency & Bankruptcy Code (IBC), we cordially invite you to attend this timely and meaningful the ASSOCHAM National E- Summit on Insolvency & Bankruptcy Code “Post Pandemic & One Year Suspension” scheduled to be held on Friday, 21st August 2020 (11:00 AM To 02:00PM
Please clock on the following link to register:
Looking forward for your kind and early confirmation on the ASSOCHAM invitation.
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