SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 22 Jan, 2019  

IPR.9.Thmb.jpg IBC Board organises awareness programme

IBC.9.jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
SME Times News Bureau | 22 Jan, 2019

The Insolvency and Bankruptcy Board of India, in association with the three Insolvency Professional Agencies, organised an Insolvency and Bankruptcy Awareness Programme at Vadodara, Gujarat recently.

These three agencies were the Indian Institute of Insolvency Professionals of ICAI (lead partner), the ICSI Institute of Insolvency Professionals, and the Insolvency Professional Agency of Institute of Cost Accountants of India.

A large number of stakeholders, including students, professionals, bankers, and business persons participated in the programme. 

While inaugurating the programme, Hon’ble Mr. H. P. Chaturvedi, Member (Judicial), National Company Law Tribunal(NCLT), Ahmedabad detailed the role of the Adjudicating Authority in respect of Corporate Insolvency Resolution and Liquidation Processes under the Insolvency and Bankruptcy Code, 2016 (Code).

He stated that the Code is a dynamic law and is evolving continuously to meet emerging needs. Resolution Professional is the fulcrum of the insolvency resolution process.

He conducts the process with all fairness and equity in addition to managing operations of the ailing corporate debtor as a going concern.

He mentioned that an Insolvency Professional has a social responsibility and accountability, as the outcome of the resolution process directly or indirectly affects livelihood of many stakeholders. 

 In his presentation, Rameshwar Dhariwal, Chief General Manager, IBBI mentioned that while the law is new, there has been considerable learning over the last two years of its implementation and the law is getting settled with judicial pronouncements.

He provided an overview of the Code and the role of IBBI in the ecosystem, besides clearing doubts of the participants.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter