SEMINAR on “Resolution Plan under Insolvency and Bankruptcy Code, 2016 and Issues arising therefrom” held on 01 Feb 2019.

Attended the above seminar as an invitee on 01 Feb 2019 at the PHD House, 4/2, August Kranti Marg, Siri Institutional Area, New Delhi-110016.

Background – It has been a little more than two years that the “Insolvency and Bankruptcy Code, 2016” came into force and subsequently the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT) started functioning. In a relatively short time, the law on the subject has evolved considerably. This is attributable, to a great extent, to the continuous stream of significant case laws borne out of the various judgments of the NCLT, NCLAT and the Hon’ble Supreme Court, the latest being the ArcelorMittal Case.

On the execution front also, there has been a tremendous change in the mindset of the corporate debtors. There had been instances in the first few CIRP cases wherein the IRP detailed by the Hon’ble Tribunals faced great resistance from the Corporate Debtors when the former went to take charge of the affairs of the company under the express judicial orders. Thanks to the resolute stand of the courts, the corporate debtors have by now understood that the law would take its own course, come what may. Hence, it is in everybody’s interest to abide by the law of the land.

Organisers – Realising the need for

comprehensive discussion on the subject, the NCLTAT Bar Association organized a Seminar on the subject on 01 Feb 2019 at the PHD House, 4/2, August Kranti Marg, Siri Institutional Area, New Delhi-110016.

Attendance – The seminar was attended by the literal ‘who’s who’ of the company law stakeholders including the Hon’ble Judges, the NCLTAT Bar Association members, Insolvency Resolution Professionals (IRP), Company Secretaries (CS), Chartered Accountants (CA) and a number of other dignitaries from the legal fraternity.

The tone of the seminar was set through enlightening speeches by none other than Hon’ble Justice Mr SJ Mukhopadhyaya, Chairman NCLAT, and the Hon’ble Justice Mr. MM Kumar, Chairman NCLT.

Endnote – In conclusion, it would suffice to say that the seminar was simply invaluable for anyone who is concerned with the company law and I personally found it to be an immensely enriching experience.

Hon’ble Justice Mr. MM KUmar, former Chief Justice of J&K High Court and Chairman NCLT