EBC Learning Live Online Course on Insolvency and Bankruptcy Code (IBC) Practice (Two Weeks Intensive Course)

About this Course

IBC consolidates all the laws related to insolvency in India by creating a single law. It helps to improve the confidence of the banks, foreign investors, and associated companies in crisis-mitigation mechanisms.

The two-week intensive course on IBC Practice contains the following:

• IBC essentials
• Initiating insolvency process
• Filing by operational and financial creditors
• Insolvency resolution process
• Fast-tracks and pre-packs
• Corporate asset valuation
• Liquidation
• Insolvency litigations and related drafting

The course will take you through the various stages in the resolution process commencing from the invitation of expression of interest for the Resolution Plan to the filing of the Resolution Plan with the NCLT for its approval.

Know who can and who cannot be a Resolution Applicant. Know the valuation requirements and application of various valuation methodologies. Understand fast-track CIRP and the provisions related to cross-border conditions. Learn how to file an insolvency petition as a financial creditor, operational creditor or corporate applicant.

As part of the course, you will get to access:

• High-quality video materials
• 10 hours of dedicated live learning
• Recordings of the live sessions
• Curated materials and assignments divided into 22 Chapters
• Books on IBC at EBC Reader
• Full text of cases from SCC Online
• EBC Learning Certificate
• The classes will be conducted primarily in the evening and two full-day Saturday workshops.

I. Student Lounge
Visit student lounge

1. Introduction: Insolvency and Bankruptcy Code Essentials
1.1 Introduction
I. Full text of leading cases

2. Understanding the objectives and key terms under the IBC
I. Relevant sections
2.1 Insolvency and bankruptcy
2.2 Operational debt
2.3 Financial debt
2.4 Creditor
2.5 Financial creditor and operational creditor
II. Examination pointers
III. Full text of leading cases

3. The IBC ecosystem
I. Relevant sections
3.1 Insolvency regulator and adjudicating authorities
3.2 Insolvency professional
3.3 Insolvency professional agency
3.4 Information utility, financial information
II. Examination pointers

◆ Live Class: IBC An Introduction
Live Class

4. Initiating the corporate insolvency process
I. Relevant sections
4.1 Triggers for Corporate Insolvency Resolution Process (CIRP)
4.2 Who can initiate the CIRP?
4.3 Who cannot file a CIRP application?
4.4 Where to file a CIRP initiation petition?
4.5 Procedure before the NCLT
4.6 Moratorium
4.7 Timelines for resolution process
II. Examination pointers
III. Full text of leading cases

5. Introduction: Filing a Petition under IBC – Initiating CIRP
5.1 Welcome
I. Examination pointers
6. General meetings
I. Relevant sections
6.1 Locus and jurisdiction
6.2 Who cannot invoke?

7. Filing by financial creditors
I. Relevant sections
7.1 Introduction
7.2 Initiating the Insolvency Resolution Process on default in repayment of financial debt
7.3 Person who can file an application under Section 7
7.4 Specific category of financial creditors
7.5 Gathering information
7.6 Setting the wheels in motion
7.7 Filing the application: Filling the form
7.8 Crash landing or safe landing
7.9 Procedural aspect
7.10 Accepting or rejecting application
7.11 Withdrawal
7.12 Admitting application and appointing IRP
7.13 Moratorium
7.14 Public announcement
II. Examination pointers
III. Full text of leading cases

8. Filing by operational creditors
I. Relevant sections
8.1 Introduction
8.2 Demand notice with invoice
8.3 Demand notice Form 3
8.4 Disputing the operational debt
8.5 Initiating CIRP
8.6 Procedure for filing
8.7 Notice to corporate debtor
8.8 Accepting application
8.9 Rejecting application
II. Examination pointers
III. Full text of leading cases

9. Insolvency by corporate applicant
I. Relevant sections
9.1 Introduction
9.2 Eligibility as a corporate applicant
9.3 Application by corporate applicant
9.4 Filing as corporate applicant
II. Examination pointers
10. Conclusion
10.1 Road ahead
Exercise Set I
Exercise Set II
Exercise Set III
Exercise Set IV

◆ Live Class: IBC and Initiating CIRP
Live Class

11. Resolution process
I. Relevant sections
11.1 Committee of creditors
11.2 Voting share
11.3 Resolution applicant
11.4 Submission and approval of resolution plan
II. Examination pointers
III. Full text of leading cases

◆ Live Class: Insolvency Procedure before Adjudicating Authority
Live Class

◆ Live Class: IRP, CoC and Raising Claim
Live Class

◆ Live Class: Resolution Applicant and Resolution Plan - I & II
Live Class

12. Pre-packs
I. Relevant sections
12.1 Introducing pre-packs
12.2 Eligibility for PPIRP
12.3 Pre-initiation phase
12.4 Application for initiation of PPIRP
12.5 Post-initiation phase
12.6 Approval of resolution plan
12.7 Closure of PPIRP
II. Examination pointers
Exercise Set I
Exercise Set II

◆ Live Class: Fast Track CIRP, Prepacks & Cross border, Penalties under IBC
Live Class

13. Introduction: Corporate Assets Valuation under IBC
13.1 Welcome
Exercises I

14. Valuation requirements under IBC
14.1 Introduction to IBC
14.2 Part A: Overview of insolvency process under IBC
14.3 Part B: Overview of insolvency process under IBC
14.4 Valuation requirement under the Insolvency and Bankruptcy Code
Exercises I

15. Registered valuers
15.1 Registered valuers
15.2 Requirements for becoming a registered valuer and its procedure

16. Introduction to valuation
16.1 Valuation - An overview
16.2 Valuation base
16.3 Valuation premise
Exercises I

17. Valuation approaches
17.1 Brief overview of valuation approaches
17.2 Income approach
17.3 Discount cash flow (DCF)
17.4 Free cash flow to Firm (FCFF)
17.5 Free cash flow to Equity (FCFE)
17.6 Terminal value
17.7 Market approach
17.8 Asset approach
Exercises I

18. Most commonly applied valuation methodology for IBC valuation
18.1 Most commonly applied valuation methodology for IBC valuation
18.2 Valuation of securities or financial assets
18.3 Valuation of real estate holding subsidiary, joint venture or associate company
18.4 Valuation of inventory
18.5 Valuation of trade receivables
18.6 Valuation of intangible assets
18.7 Other categories of securities or financial assets
18.8 Valuation of plant and machinery of the corporate debtor
18.9 Valuation of land and building
Exercises I

19. Case study
19.1 Valuing land, building, plant and machinery
19.2 Valuing land, building, plant & machinery
19.3 Valuing non-current investments, loans and advances and other non-current assets
Exercises I

20. Structure of valuation report and documentation
20.1 Key contents of valuation report
Exercises I

21. Panel Discussion: IBC And Corporate Assets Valuation
21.1 Introduction
21.2 Enactment of the IBC
21.3 Impact of the IBC
21.4 Status of Homebuyers under IBC
21.5 Asset Valuation Challenges under IBC
21.6 Issues with the IBC

◆ Live Class: Corporate Assets Valuation Under IBC
Live Class

22. Liquidation
I. Relevant sections
22.1 Initiation of liquidation
22.2 Waterfall mechanism
II. Examination pointers

◆ Live Class: Liquidation and NCLT & NCLAT & SC Litigation & Drafting related to IBC
Live Class
Full Text of Leading Cases
INDEX: Full text of cases