Bankruptcy Laws

Categories: Legal, LLB
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About Course

COURSE OBJECTIVES:

Insolvency is a financial malaise that afflicts the economy and society. Law has to
effectively deal with this malaise. Indian Parliament has repealed the laws dealing
with insolvency and bankruptcy and passed the Insolvency and Bankruptcy Code,
2016(IBC) to consolidate the laws relating to insolvency and bankruptcy of
corporate persons, individuals and corporate firms and to expedite resolutions with
maximization of the value of assets.
The objective of this course is to teach and learn IBC in depth. This course will
include the study of the historical background of IBC, aims and objectives of IBC,
the role, powers and functions of Insolvency Bankruptcy Board of India, provisions
of IBC as to corporate persons, Limited Liability Partnership firms, individuals and
partnership firms.


COURSE OUTCOME:


After completing this course, students will be able to :

  1. Understand the role of Insolvency and Bankruptcy Board of India (IBBI) in
    professionalizing insolvency services through regulation and development of
    service providers, namely, insolvency professionals, insolvency professional
    agencies, insolvency professional entities, information utilities, registered
    valuers, and registered valuers‘ organizations
  2. Understand in respect of corporate persons the corporate insolvency resolution
    process(CIRP), fast track CIRP, voluntary liquidation process, liquidation
    process and in respect of Micro, Small and Medium Enterprises the
    Prepackaged Insolvency Resolution Process
  3. Understand in respect of individuals and partnership firms the fresh start
    process, the insolvency resolution process and the liquidation process
  4. Understand the role of insolvency professionals, insolvency professional
    agencies and information utilities
  5. Understand the importance, powers and functions of the Adjudicatory
    Authorities under IBC
  6. Appreciate the relationship between the government and IBBI and to understand
    Board‘s Fund , Insolvency and Bankruptcy Fund , relevant regulations framed
    by IBBI and rules framed by the government
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What Will You Learn?

  • ✅ Complete understanding of IBC, 2016, its objectives, and impact
  • ✅ Knowledge of CIRP, liquidation, voluntary liquidation, and fast-track insolvency
  • ✅ Insights into insolvency resolution for individuals, partnerships, and LLPs
  • ✅ Understanding of the role and functions of IBBI, insolvency professionals, and adjudicating authorities
  • ✅ Study materials, case laws, and access to legal resources & IBC regulations

Course Content

MODULE 1

  • Notes- Introduction, History, CIRP, PPIRP, Moratorium, Liquidation
  • Preliminary under IBC
  • MISCELLANEOUS

Module 2

Module 3

Module 4

External Notes

Downloadable Notes

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