Sign Up

The Insolvency and Bankruptcy Code, 2016 is the bankruptcy law of India which seeks to consolidate the existing framework by creating a single law for insolvency and bankruptcy. The IBC, 2016, is a defining reform in the Indian financial landscape. Since its promulgation, it has brought about many path breaking changes in the insolvency resolution process, the most important being a seismic shift in the credit culture in the country. It has tilted the power equation in favour of creditors from debtors. Operational creditors (OCs) have been granted equal treatment in invoking the code.

The mandate of the ASSOCHAM National Council for Insolvency & Bankruptcy Code and Valuation covers the aspects such as the major issues and challenges being faced by the stakeholders and to play a vital role in bridging the gap between the industry, regulator and policy maker. This includes conducting regular council meetings, webinar, summit and round table discussions under the guidance of Chairman, Co-Chairman and core committee members of the national council.

The various stakeholders which are directly or indirectly involved in the council includes Insolvency and Bankruptcy Board of India, National Company Law Tribunal, National Company Law Appellate Tribunal, Ministry of Finance, Ministry of Corporate Affairs, etc.

For further details, please contact [email protected]

Day Image Day Image