4th Annual

INSOLVENCY SUMMIT 2019

18th October 2019 | Mumbai, India

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Day Conference
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Global Speakers
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Delegates

ABOUT THE SUMMIT

The IBC was hailed as a game-changing legislation and flagged by the banking regulator as the preferred mode of debt default resolution, at least in marquee cases involving large amounts of bad debt. It aimed at resolving corporate bankruptcy in a time-bound manner so that creditors recovered their dues partly while the said company was salvaged and given a fresh lease of life. The real picture however is that the NCLT infrastructure has proved inadequate for the humongous litigation unleashed by the IBC. Multiple factors including a shortage of judges, lack of well-established precedents, and challenges posed by former company owners, creditors and potential bidders have slowed down the pace of bad debt recovery apart from frustrating the efforts, time and money put in by investors seeking to close deals.

The recent Essar Steel Judgment has created quite a stir with questions like – “Has the NCLAT gone wrong in the Judgment, in order to bring the Insolvency Code to work better or in an attempt to be fair? Has the NCLAT over-interpreted the provisions of the IBC?” doing the rounds.....

KEY SPEAKERS

Nirmala Sitharaman
Nirmala SitharamanUnion Minister of Finance and Minister of Corporate Affairs
Government of India
(Invited)
Piyush Goyal
Piyush GoyalUnion Minister of Commerce
Government of India
(Invited)

Dr. T. K. Viswanathan
Dr. T. K. ViswanathanChairman
Bankruptcy Law Reform Committee


Dr. M. S. Sahoo
Dr. M. S. SahooChairperson
Insolvency and Bankruptcy Board of India

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