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Full Day Workshop on ‘The Insolvency and Bankruptcy Code, 2016 (IBC) – Emerging Issues, Challenges and Professional Opportunities’



Chairman :

Suhit Aggarwal

Vice-Chairman : Vijay Gupta
Advisor : V. P. Verma, C. S. Mathur
Hon. Treasurer : Prakash Sinha


Day & Date


Saturday, October 07, 2017

Time : 10.00 a.m. to 5.00 p.m.
Venue : India International Centre
Lecture Room I, Annexe Building, Dr. K.K. Birla Lane, Max Mueller Marg, Lodhi Estate, New Delhi – 110 003
Please note that registration will start at 9.30 am with first session from 10.00 am. You are requested to be in time to complete the registration formalities.

A well-functioning insolvency regime indeed is an important economical institution, particularly for an emerging economy. Insolvency issues have become more and more decisive in the globalization of capital and financial markets. Thus, an effective insolvency law is expected to achieve several objectives including asset maximization.

The Insolvency and Bankruptcy Code, 2016 (IBC) has replaced a fragmented legal framework and a broken institutional set-up that has been delivering poor outcomes for years for creditors and distressed businesses seeking an exit. Prior to IBC, corporate insolvency and debt recovery cases were being dealt with under various laws and forums. IBC has now brought in a complete change in the scenario of resolution of financial distress in the country. IBC also sets methods for working with defaulting borrowers in order to better enable the borrower to better meet financial obligations. 

Accordingly, in order to enlighten the various stakeholders, including corporate, legal/ financial advisors and consultants, the CTC is conducting this full day workshop to decode the IBC. The relevant details of the workshop are as under:

Topics/ Coverage Faculties/ Guest Speakers
Nagging questions on IBC - an Illustrative List 
• Is IBC a boon or bane for Debtors?
• Can Creditors play a constructive role?
• Whether, as a creditor, I should choose IBC, or SARFAESI, or should I attach the property using Section 17 of the Arbitration Act?
• As a secured creditor, will I still be able to use the collateral assets, or do I have to relinquish them? What is better choice – relinquishment or enforcement?
• As a secured creditor, wanting to repossess the collateral, should I agree on the resolution plan, or dissent?
• As an insolvency practitioner taking up resolution, will I face legal liabilities due to operations of the company?
• As a company, should I do voluntary filing, having agreed on a pre-pack with a potential acquirer?
Bankruptcy for corporate
• Insolvency resolution process
• Initiation of corporate insolvency resolution process
• Introduction of moratorium
• Preparation of  Information Memorandum & Resolution Plan
• Priority of claims and the bankruptcy code; rights of secured creditors

Bankruptcy for non-corporate & individuals
• Going for a fresh start order
• General duties of debtor
• Insolvency resolution process
• Proof of debt
• Bankruptcy order- Application, Effect, Administration and distribution of estate
Insolvency professionals
• Contour of  functioning of Insolvency professionals - Role, Obligation and capacity constraints
• Bankruptcy trustee – Roles and functions
Comparison between IBC and SARFAESI law
• Impact of the Code on Corporate
• Impact of moratorium during insolvency resolution
• Post resolution orders and the impact of creditors’ mandate
• Impact of SARFAESI during bankruptcy and liquidation proceedings
Mr. Vinod Kothari
• Liquidation process under IBC - Initiation & practical issues involved
• Effect of liquidation order
• Powers and duties of Liquidator
• Liquidation Estate
• Custody, safety and sale of assets
• Claims under liquidation - Invitation, Adjudication, Consolidation, Admission/Rejection and Appeal against liquidator’s decision
• Avoidance of Preferential Transactions
• Extortionate Transactions
• Rights of Secured Creditors
• Settlement of Claims and Order of Priority
• Dissolution of company
• Voluntary Liquidation
• Contour of  functioning of Liquidators - Role, Obligation and capacity constraints
Mr. Ashish Makhija


Who should attend? Chartered Accountants, CFOs, Senior Executives handling Finance and Tax functions, Corporate/General/In-house Counsel, Company Secretaries, Cost Accountants, Professional Advisers, Law Firms & Consultants, Tax Professionals

Fees: (Inclusive of GST @ 18%)

For Members of CTC (Life/Associate/Ordinary) Rs. 1,400
For Non-members Rs. 1,800
For Students Rs. 1,000

(Fees includes Tea/coffee, Snacks and Lunch)
Payment may be made by Cheque in favour of ‘The Chamber of Tax Consultants’, and sent to the Delhi Chapter of The Chamber of Tax Consultants, 1A-D, Vandana Building, 11 Tolstoy Marg, New Delhi - 110 001.
You can also remit the money online to our account through NEFT, as per bank details provided below.

Saving Bank Account Number 233010100194495
Name and address of the bank Axis Bank Ltd.
Branch Address:
New Marine Lines, Mumbai(MH), Mumbai - 400002
Name of Beneficiary The Chamber of Tax Consultants
NEFT/RTGS Code UTIB0000233

Please make sure to block your calendar accordingly.
For any query on registration and further detail, please contact Ashwani Kumar (Mob. 9891677316,  This email address is being protected from spambots. You need JavaScript enabled to view it.)

You have been receiving e-mails from Delhi Chapter of CTC containing information regarding our programmes. You may, at any time, choose not to receive email from the Chamber by submitting your email ID to This email address is being protected from spambots. You need JavaScript enabled to view it. to unsubscribe.

Event Properties

Event date: 07-Oct-2017 10:00 am
Event End Date: 07-Oct-2017 5:00 pm
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