Discussion on the Insolvency & Bankruptcy Code, 2016

Ms. Kaveri Kumar, Founder and Head of Corporate Practice participated in a discussion on 'The Insolvency and Bankruptcy Code, 2016 ("IBC")' organized by the PHD Chamber of Commerce and Industry.

Some of the key aspects highlighted in the discussion were:

• The provision of the legislative framework for the resolution of stressed assets.

• Carrying out insolvency and liquidation proceedings of corporate, firm and individual in a time bound manner for maximization of value of assets, promotion of entrepreneurship and balancing the interests of stakeholders.

• Requirement of IBC in ease of doing business.

• Role of Government of India in actively monitoring the implementation of IBC.