
The insolvency and bankruptcy code 2016 replaces government-led insolvency with a professional resolution process under a committee of creditors for companies and individuals, aiming to complete within one year.
Identify qualifying debt under insolvency rules, including interest, costs, and liquidated sums, while distinguishing excluded debts like fines, damages, maintenance, alimony, and student loans that survive discharge.
Learn how the Insolvency and Bankruptcy Code part two regulates insolvency resolution professionals and information utilities through the Insolvency and Bankruptcy Board of India, with supremacy over other laws.
Analyzes key IBC issues through cases on charges, section 53 priorities, auction rights, director liability under section 138 NI Act, and layoff versus retrenchment, asserting IBC supremacy.
Insolvency and Bankruptcy Code Part-2
This course offers a comprehensive foundation in India’s Insolvency and Bankruptcy Code, 2016 (IBC), combining legal theory with practical insights through real-life case studies. It is designed for law students, corporate professionals, finance experts, and anyone seeking to understand how India’s insolvency framework functions in practice.
This advanced online course, "Insolvency and Bankruptcy Code Part-2: Individual and Specialised Frameworks," offers a deep dive into the non-corporate provisions of the IBC. You will master the critical difference between corporate and individual bankruptcy, understanding why the process for a company focuses on revival, while for an individual it centres on a Fresh Start and repayment plan.
A key module defines the terms governing personal insolvency. We clarify what constitutes "Qualifying Debt," the specific type of unsecured debt that can be discharged for a small debtor. We also analyse "Excluded Assets," the essential property (like necessary tools, basic furniture, and pension plans) that a debtor is legally protected to keep. Furthermore, the course details the significant legal and professional disqualifications for becoming insolvent (or bankrupt), such as being barred from public office or corporate directorships. This training ensures you gain a comprehensive, practical, and legally sound understanding of the entire IBC structure.
Enroll now and position yourself at the forefront of modern commercial law practice!