[Advt.] Into Legal World: Combinations Of 10 Advanced Certificate Course On The Insolvency And Bankruptcy Code 2016

Course Overview

Unemployment, foreclosures, bankruptcy – the cure is not more government spending, but helping businesses create jobs. ~ Brian Sandoval

In recent years, India's banking sector struggled with huge amount of Non-Performing Assets (NPAs), leading to economic stagnation as companies declared insolvency instead of repaying loans. Depreciated assets left insufficient funds, and the previous legislative frameworks lacked effective revival mechanisms. This resulted in a surge in NPAs, affecting both domestic markets and foreign investments. To address this, the Insolvency and Bankruptcy Code (IBC) was enacted in 2016, consolidating the insolvency framework under a single law based on the UNCITRAL Legislative Guide.

This Certificate Course on the Insolvency and Bankruptcy Code, 2016, delves into the fundamentals of the IBC, explores the Corporate Insolvency Resolution Process (CIRP), and covers key institutions like the NCLT, NCLAT, and IBBI. This course will equip you with the knowledge and skills necessary to master the IBC. Join us in this journey to understand the law that is reshaping India's corporate landscape and fostering a culture of financial discipline!

This course will help law students to get paid projects and/or to secure successful internship from top advocates and law firms practicing in Insolvency and Bankruptcy code.

Course Objectives

• To gain a comprehensive understanding of the IBC including its objectives, key concepts, and legal framework.
• To learn the detailed processes involved in the Corporate Insolvency Resolution Process (CIRP), from initiation to resolution and liquidation.
• To learn the intricacies of the liquidation process, including asset management, distribution priorities, and the role of the liquidator.
• To equip participants with the knowledge and skills needed for professional certification in insolvency law, enhancing career prospects in legal, financial, and corporate sectors.

Course Structure

Module 1: Introduction to Insolvency and Bankruptcy Code, 2016

• Evolution of Insolvency Laws in India
• Challenges with Pre-IBC Regime and the Need for IBC
• Overview of IBC, 2016: Objectives, Key Definitions and Structure

Module 2: Authorities and Enforcement Mechanisms under IBC, 2016

• Role of Adjudicating Authorities
• Role of the Insolvency and Bankruptcy Board of India (IBBI)
• Role of Insolvency Professional Agencies and Insolvency Professionals
• Role of Information Utilities
• Appellate Authorities and Few Important Case Analysis

Module 3: Corporate Insolvency Resolution Process (CIRP)

• Initiation of CIRP: Who can Initiate?
• Filing of Application and Admission by NCLT
• Committee of Creditors (CoC) under IBC: Constitution, Role, Powers and Duties
• Voting Mechanism and Decision-Making
• Pre-Packaged Insolvency Resolution
• Appointment and Role of Interim Resolution Professional and Resolution Professional
• Resolution Plan
• Fast-Track Resolution

Module 4: Liquidation Process under IBC

• Triggering Liquidation
• Role of Liquidator and Liquidation Estate
• Distribution of Assets and Priority of Claims
• Voluntary Liquidation of Corporate Person
• Interface with the Companies Act, 2013 and LLP Act, 2008

Module 5: Insolvency Resolution and Bankruptcy for Individuals and Partnership Firms

• Fresh Start Process
• Insolvency Resolution Process
• Bankruptcy Order
• Role of Bankruptcy Trustee in managing claims and Bankruptcy Estate

Module 6: Inspection and Investigation under IBC

• Powers of IBBI to Conduct Inspections and Investigations
• Consequences of Non-Compliance

Module 7: Cross-Border Insolvency and International Frameworks

• UNCITRAL Model Law on Cross-Border Insolvency
• Cross-Border Insolvency Mechanisms under IBC
• Case Studies and Global Trends in Cross-Border Insolvency

Who Should Attend?

• Individuals pursuing a law degree or recent graduates looking to enhance their practical skills in the Insolvency and Corporate Restructuring.
• Junior and Mid-Level Legal Practitioners
• Paralegals and Legal Assistants
• Legal Educators and Academicians
• Anyone interested in pursuing this course.

Certification

The course bundle will provide 10 certifications in the following categories:

1. Certificate on Methodology of Corporate Insolvency Resolution Process (CIRP) under IBC

2. Certificate Course on Personal Insolvency: Practice and Procedure

3. Certificate on Practice and Procedure in Liquidation Process under IBC

4. Certificate Course on Strategies on Resolution Plan

5. Certificate on Insolvency Professional Agencies under IBC

6. Certificate Course on Practice and Procedure on Cross-Border Insolvency

7. Certificate on Methodology on Formation and Practice of Committee of Creditors under IBC

8. Certificate Course on Adjudicating Authorities and Appellate Tribunals under IBC

9. ⁠Certificate Course on Strategies and Formulation of IBBI and Evolution

10. Certificate Course on Practice and Procedure on Inspection and Investigation under IBC

Participants who successfully complete the course requirements, including assessments and assignments, will be awarded the above 10 certificates issued by ILW Institute. This recognition of your efforts and achievements will not only enhance your professional profile but also demonstrate your commitment to industry best practices.

After Completing a course on the Insolvency and Bankruptcy Code (IBC), 2016, a law students may opt for following job opportunities:

Insolvency Professional (IP): As a licensed insolvency professional, you get to manage the insolvency resolution process, including the liquidation of assets and restructuring of companies under the IBC.

Corporate Lawyer: Specialize in advising companies on insolvency, bankruptcy proceedings, restructuring, and related legal matters.

Legal Advisor: Provide legal counsel to businesses, financial institutions, or individuals dealing with insolvency and bankruptcy cases.

Resolution Professional: Act as an interim resolution professional or resolution professional in corporate insolvency resolution processes, handling the resolution plan and the creditors' committee.

Bankruptcy Trustee: Manage the liquidation of assets and distribute proceeds to creditors, ensuring compliance with the IBC.

Corporate Restructuring Specialist: Assist companies in restructuring their business operations, financials, and legal structures to avoid insolvency.

Credit Risk Analyst: Assess the credit risk of companies and individuals, particularly those undergoing insolvency proceedings, to guide lending and investment decisions.

Compliance Officer: Ensure that businesses comply with the IBC, 2016 regulations, and other relevant legal requirements.

Financial Advisor: Provide financial advisory services related to insolvency and bankruptcy, including debt restructuring, asset management, and financial planning.

Arbitrator/Mediator: Resolve disputes related to insolvency and bankruptcy, often working within regulatory bodies or private arbitration firms.

Consultant for Insolvency and Bankruptcy Boards: Work with government bodies, like the Insolvency and Bankruptcy Board of India (IBBI), to develop policies and frameworks related to insolvency.

Investment Banker: Specialize in distressed assets, providing advisory services for mergers, acquisitions, and restructuring of companies facing insolvency.

Debt Recovery Specialist: Focus on recovering debts for financial institutions and creditors through the insolvency process.

Forensic Auditor: Conduct audits to uncover fraud or mismanagement in companies undergoing insolvency, working with insolvency professionals or regulatory bodies.

Academician/Trainer: Teach insolvency law and related subjects in academic institutions or conduct training programs for aspiring insolvency professionals.

Secure job as

• IBC Expert Advocate/Practitioner
• Talent Acquisition Specialist - Leadership Hiring.
• Intern/Trainee as IBC Expert
• Product Line Manager.
• Product Manager - Merchandise and Accessories.
• Sales Trainer.
• Supplier Manager - Accessories & Merchandise.
• CAD Manager.
• Lead - Supplier Audit

Points to Remember

• To be launched from 1st October 2024
• Fee: ₹1200/-
• Time frame: 4 Weeks.
• Access to our high-quality SMART Notes essentially designed for the course.
• Live classes: 5 days a week at 7-8 PM.
• Freelance project assistance.
• Recorded Lectures: Available on ILW Institute App.
• Certificate of internship with ILW is also available with this course.

Faculty Details:

Ms. Vaidehi Prateek: Assistant Professor, Symbosis University, UGC NET - Law, PhD Pursuing MNLU - Mumbai

Certification Process:

Students will receive certificate after completion of the course and submission of the assignment. Entire details will be shared in the WhatsApp group. Students will be added over WhatsApp group after registration.

Registration Link: https://rzp.io/l/uI57EDla4

Official Notification: https://www.intolegalworld.com/insolvencyandbankruptcy

Contact: 8182044727 or intolegalworld@gmail.com for any other clarifications.