FM to address Conference on Insolvency in Mumbai
Published: Aug 18, 2017
By TIOLCORPLAW News Service
NEW DELHI, AUG 18, 2017: National Conference on 'Insolvency and Bankruptcy: Changing Paradigm' is scheduled to be held at Mumbai on Saturday. Mr Arun Jaitley, the Union Minister of Finance, will be the Chief Guest. This one day National Conference is being jointly organized by the Ministry of Corporate Affairs (MCA), National Foundation for Corporate Governance (NFCG) and Insolvency and Bankruptcy Board of India (IBBI) to facilitate the better understanding of intricacies of the Insolvency and Bankruptcy Code, 2016 (‘Code'), share the experiences gained during the initial nine months and also discuss the challenges that need to be overcome. The Conference will witness one of the largest gathering of Industry, Professionals, Regulators and other stakeholders sharing their experiences in the implementation and compliance of the Code.
Inauguration function will be followed by a Panel discussion on ‘Creditor & Debtors perspective- Striking the balance' which would be participated by the persons from Industries. Valedictory Session is on the topic ‘Role of NCLT-How it works in practice'.
The Insolvency and Bankruptcy Code, 2016 is a key economic reform of the Government, providing the much needed unified legal framework to resolve insolvency and provide faster and efficient exit framework for corporates. The Code through its time bound processes aims at providing greater certainty around the bankruptcy process and also bring the Indian statutory regime at par with some of the most legally advanced jurisdictions of the world.