Insolvency Summit 2017
22 - 23 September, 2017 | The Taj Mahal Palace, Mumbai
Even though the proper impact of the new insolvency regime is not expected to be visible in short term and the hangover of celebration of the enactment of IBC still hangs in the air, both the advocates of the law and its cynics are watching the developments in the first 270 days of the IBC closely. This is the magic period, that is, the maximum time for corporate insolvency resolution process provided under IBC. There have been a large number of filings in NCLT, significant activity in the insolvency industry, many key decisions by NCLT and NCLAT, and learning in the first two quarters and the ball is still on the roll, gathering momentum. Many corporate debtors in respect of which insolvency process commenced in December last year would have completed 270 days in September. What would be there fate? While it still might be early days yet to pronounce judgment, the first stock take will surely be due in September on the footprints created in first three quarters of the IBC year.
Led by INSOL India and SIPI, supported by the Insolvency and Bankruptcy Board of India, and organised by Legal Era, the Insolvency Summit will bring the key stakeholders together for two days to share their experiences and views on the first 270 days of the journey of IBC. Based on discussions and deliberations the Summit Technical Committee will prepare a synthesis note to be shared with the policy makers and other stakeholders.
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