About Insolvency and Bankruptcy Code:
Insolvency and Bankruptcy Code, 2016 is the biggest insolvency reform that proposes a timebound process for resolving insolvency. The Code merges the earlier framework by nullifying the Presidency Towns Insolvency Act, 1909 and the Provincial Insolvency Act, 1920. In addition, it amends 11 laws including Companies Act, 2013, DRT Act, 1993 and SARFAESI Act, 2002.
The Code specifies a framework for time-bound insolvency resolution, with two similar processes for
(i) companies and limited liability partnerships (liability of partners restricted to
their investment), and
(ii) individuals and partnership firms.
The Code proposes two authorities to:
(i) evaluate applications for initiating insolvency proceedings
(ii) approve the appointment of insolvency professionals
(iii) approve resolution plans
These authorities are:
National Company Law Tribunal (NCLT): judge cases for companies and limited liability partnerships. Appeals against its orders will be heard by the National Company Law
Debt Recovery Tribunal (DRT): judge cases for individuals and partnership firms. Appeals against its orders will be heard by the Debt Recovery Appellate Tribunal. This course covers the essentials of insolvency and bankruptcy code, the framework, processes and definitions in an extremely simple and digestible language along with the latest amendments with an intention to educate every insolvency and bankruptcy practitioner to learn the nitty-gritty involved in the Code, how corporate insolvency resolution process works and understand the concept of debt in depth.
This course is extremely beneficial for:
Who can enroll?
This course is considerate for all professionals from the following fields:
This course delivers the practical importance of the code that trains lawyers and other professionals to make their practices effective.This course comprises of video lectures along with PDF notes.
|INTRODUCTION TO INSOLVENCY AND BANKRUPTCY CODE||6 Hrs|
|CORPORATE INSOLVENCY RESOLUTION PROCESS||6 Hrs|
|CORPORATE INSOLVENCY RESOLUTION PROCESS||7 Hrs|
|LIQUIDATION PROCESS||7 Hrs|
|FAST TRACK CORPORATE INSOLVENCY RESOLUTION PROCESS||7 Hrs|
|OFFENCES AND PENALTIES||7 Hrs|
|ADMINISTRATION AND DISTRIBUTION OF THE ESTATE OF THE BA||7 Hrs|
|ADJUDICATING AUTHORITY FOR CORPORATE PERSONS||6 Hrs|
|REGULATION OF INSOLVENCY PROFESSIONAL, AGENCIES AND INF||6 Hrs|
|INSOLVENCY PROFESSIONAL AGENCIES||7 Hrs|
|INSOLVENCY PROFESSIONALS AND THEIR AGENCIES||4 Hrs|