Indian Institute of Corporate Affairs (IICA), an autonomous body under Ministry of Corporate Affairs (MCA) organized a two day colloquium on Insolvency and Bankruptcy Laws and Procedure focusing upon the ways to effective enforcement of Insolvency & Bankruptcy Code 2016. Two day colloquium was held on 26th and 27th March, 2017 in national capital.

Members of all 10 Benches of NCLT across India and NCLAT at Delhi participated in the Colloquium. Dr. M.S Sahoo, Chairperson, Insolvency and Bankruptcy Board of India (IBBI) highlighted the Role of IBBI in enforcement of IBC 2016 and Potential Challenges and Prospects for insolvency professionals and role of the Tribunal. Hon’ble Justice M.M. Kumar, President, NCLT delivered the Inaugural Address and appreciated the efforts of Members in dealing with the complicated issues under the Code and potential challenges.

Hon’ble Justice Sh. Mukhopadhya, Chairperson, NCLAT delivered the Key Note Address and highlighted the key questions which may come-up for consideration by NCLT under the Code for contributing towards ease of doing business. Shri G.K. Singh, Joint Secretary, Ministry of Corporate Affairs; Ms. Suman Saxena, Whole Time Member, IBBI, Secretary & Registrar, NCLT were also present.

Insolvency and Bankruptcy Code enforcement emphasises tribunal and professional roles to strengthen implementation and ease of doing business Enforcement of the Insolvency and Bankruptcy Code was the focal issue at a two day colloquium convening adjudicatory members and appellate representatives to discuss the role of tribunals and insolvency professionals, IBBI's regulatory oversight, practical enforcement tools, procedural challenges, and questions likely to arise in adjudication affecting transactional certainty and ease of doing business.