The Insolvency and Bankruptcy Code has changed the way NPAs are managed in India. IBC consolidates all the laws related to insolvency in India by creating a single law. It helps to ensure confidence of banks, foreign investors, and associated companies in crisis mitigation mechanisms.
As a law practitioner, insolvency practitioner or a creditor, it is essential to learn the procedure for filing an insolvency petition. This course takes the learner through the various aspects of filing petitions under the IBC whether as a financial creditor, operational creditor or as a corporate applicant.
REQUIREMENTS
You can take this course, if:
You are a recent law graduate or graduating from law school
You have a basic understanding of legal practice and procedure
You are a creditor/corporate initiating IRP
You already know the basics of Insolvency & Bankruptcy Law (If not, you can also watch our course on ‘Insolvency Essentials’)
Table Of Contents:
1. Introduction
1.1 Welcome
I. Examination pointers
2. General meetings
I. Relevant sections
2.1 Locus and jurisdiction
2.2 Who cannot invoke?
3. Filing by financial creditors
I. Relevant sections
3.1 Introduction
3.2 Initiating the Insolvency Resolution Process on default in repayment of financial debt
3.3 Person who can file an application under Section 7