IBBI conducts half day conclave for insolvency professionals on various aspects of insolvency and bankruptcy

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IBBI conducts half day conclave for insolvency professionals on various aspects of insolvency and bankruptcy

 

The Insolvency and Bankruptcy Board of India (IBBI) in association with ICSI IPA, IllP of ICAI, and IPA of ICAI (Cost), all the three Insolvency Professional Agencies, organised a half-day Conclave of insolvency professionals in Vigyan Bhawan, New Delhi, today. Dr. M.S. Sahoo, Chairperson, IBBI; Hon’ble Justice M.M. Kumar, president, NCLT, and Shri Uday Kotak, Executive Vice Chairman & Managing Director, Kotak Mahindra Bank addressed the insolvency professionals at the Conclave.

Dr. M. S. Sahoo in his address on “Building the Institution of Insolvency Professional” exhorted the august to ‘not look for ready-made solutions… (insolvency resolution) requires your full heart’ and, professionals should remain competitive, and be updated.

Hon’ble Justice M.M. Kumar illustrated duties of resolution professional under IBC, 2016 & best practices with case laws and urged the IPs to read and update with settling jurisprudence. Justice Kumar emphasised on more specialised and knowledgeable cadre of insolvency professionals by incorporating continuous professional training and in-house experts and faculties in Insolvency Professional Agencies.

Shri Uday Kotak in his address stressed the role of ‘Insolvency Professional as Key Facilitator for Value Creation’ and underlined the need of more robust and sound process flow in the bidding process of stressed assets of corporates undergoing resolution or liquidation. He emphasised on “plan the work” and “work the plan”.

The conclave ended with the vote of thanks by Shri Sunil Pant, Chief Executive Officer of Indian Institute of Insolvency Professionals of ICAI.

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Suman Munshi

Founder Editor of IBG NEWS (15/Mar/2012- 09/Aug/2018). Recipient of Udar Akash Rokeya Shakhawat Hossain Award 2018. National Geographic & Canon Wild Clicks 2011 jury and public poll winner. Studied Post Graduate Advance Dip in Computer Sc., MBA IT,LIMS (USA & Australia), GxP(USA & UK),BA (Sociology) Dip in Journalism (Ireland), Diploma in Vedic Astrology, Numerology, Palmistry, Vastu Shastra & Feng Sui 25 years in the digital & IT industry with Global MNCs' worked & traveled in USA, UK, Europe, Singapore, Australia, Bangladesh & many other countries. Education and Training advance management and R&D Technology from India, USA, UK, Australia. Over 30 Certification from Global leaders in R&D and Education. Computer Science Teacher, IT & LIMS expert with a wide fan following in his community. General Secretary West Bengal State Committee of All Indian Reporter’s Association
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