Resolution Of Stressed Assets With Special Emphasis On Insolvency And Bankruptcy Code, 2016

Description 

This book is a unique book for Bankers, on resolution of stressed assets with a special emphasis on Insolvency and Bankruptcy Code, 2016 (‘IBC’).

The Present Publication, authored by Mr. M.R. Umarji (former Executive Director, RBI and former Chief Advisor – Legal, IBA), incorporates the following contents:

·    Module A: Overview of Credit Recovery and Insolvency Laws in India

o   Credit Recovery Laws for Banks

o   Evolution of Insolvency and Bankruptcy Code

·    Module B: Evolution & Practice of Insolvency and Bankruptcy Code

o   Bankruptcy Laws – Cross Country Experience

o   Structure of the IBC

·    Module C: Corporate Insolvency Resolution Process (‘CIRP’)

o   Initiation of CIRP

o   Commencement of CIRP

o   Roles and Duties of CIRP

o   Catalyzing Successful Resolution Plan

o   Fast Track CIRP

o   Failure of CIRP or Business: Liquidation & Voluntary Liquidation

·    Module D: Insolvency Resolution Process for Non-Corporate Entities

o   Insolvency Resolution process for Individuals and Firms

·    Module E: Other Important Provisions/Matters

o   Adjudication, Appeals, Offences & Penalties

o   Regulatory & Miscellaneous Aspects

o   Important Case Laws

·    Appendix

o   Appendix I | Application to Adjudicating Authority: Formats for Applications

o   Appendix II | RBI Circular on Prudential Framework for Resolution of Stressed Assets, Dated – 07-06-2019

About IIBF:

Established in 1928 as a Company under Section 25 of the Indian Companies Act, 1913, Indian Institute of Banking & Finance (IIBF), is a professional body of banks, financial institutions and their employees in India.

With its membership of over 776 banks and financial institutions as institutional members and about 7,77,566 of their employees as individual members, IIBF is the largest Institute of its kind in the world.

About the Certificate Course on Resolution of Stressed Assets with Special Emphasis on Insolvency and Bankruptcy Code, 2016 for Bankers

·    Objective:

Insolvency & Bankruptcy Code, 2016  (‘IBC’) is an Act to consolidate and amend the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner. The certificate course aims to:

o   Develop among banking professionals and employees an understanding of the Code,

o   Enable bankers to better understand the procedure to be followed for resolution of stressed assets and their roles in an insolvency resolution process,

o   Further strengthen their capacity to discharge their duties and responsibilities, including commercial decisions with utmost care and diligence, in the best interests of all stakeholders.

• ISBN No.: 9789390128341