National Conference on Resolving Insolvency in India

Ms. Rita Kumar, Principal Advisor Alternate Dispute Resolution, Regulatory & Compliance and Ms. Parina Tyagi, Associate, participated in a conference on 'Resolving Insolvency in India' organized by the Confederation of Indian Industry. The session was addressed by eminent speakers such as:

• Dr. M.S. Sahoo (Chairman, Insolvency and Bankruptcy Board of India)

• Mr. Injeti Srinivas (Secretary, Ministry of Corporate Affairs, Government of India)

• Mr. Gyaneshwar Kumar Singh (Joint Secretary, Ministry of Corporate Affairs)

• Mr. Anil Goel (Chairman, AAA Insolvency Professionals)

The key points discussed in the conference were:

• India's ranking in World Bank's Doing Business Report.

• Analyzing Insolvency & Bankruptcy Code (Amendment) Bill, 2019.

• Need for a specialised regime for distress of financial institutions.

• Judiciary's discretion in evaluating resolution plans approved by the Committee of Creditors.

• Identifying the role of intermediaries in the insolvency process.