Certificate Course in Insolvency & Bankruptcy Code (IBC) in Kansas

1. Reforms in Insolvency Law
2. Eradi Committee – The Beginning (1999)
3. Recommendations By N L Mitra Advisory Group (2001)
4. J J Irani Committee Recommendations (2005)
5. Viswanathan Committee (2014)
6. Highlights of Committee Report

1. Meaning of ‘creditor’ and types of creditors
2. Division of chapter

1. Classification of creditors
2. Financial creditors vis-a-vis operational creditors

1. Who is a financial creditor?
2. What constitutes a financial debt?
3. What are the prerequisites for a financial creditor to initiate insolvency proceedings?
4. Issues in financial debt
5. Applicability of Limitation Act to IBC
6. Relevant jurisprudence regarding applications by financial creditors

1. Assignees of debt as creditors
2. Receipt of verification of creditor’s claim by insolvency professional
3. Guarantors and IBC

1. What is the difference between insolvency and bankruptcy?
2. Who provides personal guarantee for debts of a company? What is the nature of this liability vis-a-vis corporate debts?
3. Procedure for initiating insolvency proceedings against homebuyers

1. Who is an operational creditor and what constitutes operational debt?
2. What are the prerequisites for an operational creditor to initiate insolvency?
3. Drafting a demand notice under Section 8

1. Necessary information for drafting the application
2. Format of the application

1. Management of the business of the corporate debtor
2. Conducting and regulating the meetings of the CoC
3. Preparation of the information memorandum
4. Communicating with stakeholders

1. Initiation of Liquidation
2. Appointment of Liquidator and Fee to be Paid
3. Powers and Duties of Liquidator
4. Liquidation Estate
5. Powers of Liquidator to Access Information
6. Consolidation of Claims
7. Verification of Claims
8. Admission or Rejection of Claims
9. Determination of Valuation of Claims
10. Appeal Against the Decision of Liquidator

1. Procedure for Voluntary Liquidation
2. Initiation of Liquidation
3. Effect of liquidation
4. Appointment; remuneration; powers and duties of Liquidator

1. Application for insolvency resolution process
2. Procedural aspects
3. Discharge order

1. Bankruptcy if insolvency resolution process fail
2. Application for bankruptcy
3. Conduct of meeting of creditors
4. Discharge order
5. Effect of discharge order

1. Application for insolvency resolution process
2. Procedural aspects
3. Discharge order

1. Bankruptcy if insolvency resolution process fail
2. Application for bankruptcy
3. Conduct of meeting of creditors
4. Discharge order
5. Effect of discharge order

1. Verification of claims by resolution professional
2. Consequences of admission or rejection of a claim
3. Challenging resolution professional’s rejection of claim before NCLT

1. The United Nations Commission on International Trade (UNCITRAL)
2. UNCITRAL Legislative Guide on Insolvency Laws
3. Organization and Scope of the Legislative Guide
4. Purpose
5. Relevance to International Trade
6. Provisions
7. UNCITRAL in Cross Border Insolvency purpose
8. Relevance to International Trade

1. The Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016
2. Code of Conduct for Insolvency Professionals
3. Code of ethics for insolvency professionals
4. Identification of threats