
Explore how the insolvency and bankruptcy code 2016 replaces sica 1985 with a creditor in control model and introduces the corporate insolvency resolution process.
Apply the insolvency and bankruptcy code to corporate persons, including companies under the Companies Act and LPs; part two governs corporate insolvency, part three governs personal guarantors and corporate debtors.
Identify key terms under the IBC, including corporate debtor, financial and operational creditors, moratorium under section 14, proceeding in rem vs personam, committee of creditors, and the resolution professional.
Learn why the IBC strengthens creditor rights, addresses NPAs, and ensures transparency through CIRP and related provisions, highlighting exit freedom, certainty, and reduced delays.
Section 10 initiates the corporate insolvency resolution process by the corporate debtor who admits default and files form 6 with board and special resolution approvals, creditor details, and audited financials.
Covers admission under the insolvency and bankruptcy code, where the NCLT determines debt and default within 14 days, and admission sets the insolvency commencement date, IRP, and moratorium.
Learn the IRP's duties, from issuing public announcements and verifying claims to managing the company, exercising powers, and guiding CIRP decisions through the committee of creditors.
Delve into the IBC information memorandum, detailing corporate data, creditors, related parties, confidentiality, and its 95-day deadline plus minimum content for resolution plans.
The Insolvency and Bankruptcy Code, 2016 - Corporate Insolvency Resolution Process (CIRP) Course is a comprehensive learning resource that will teach you everything you need to know about the CIRP under the Insolvency and Bankruptcy Code, 2016. The course is designed to provide you with a complete understanding of the key concepts, procedures, and regulations involved in the CIRP, which is a vital part of the Indian business ecosystem.
Throughout this course, you will learn about the insolvency and bankruptcy process in India and the role of the CIRP in resolving the financial distress of a company. You will study the legal framework that governs the CIRP, including the relevant provisions of the Insolvency and Bankruptcy Code, 2016, and the regulations issued by the Insolvency and Bankruptcy Board of India (IBBI).
One of the key features of this course is the step-by-step process flow chart that we provide, which will help you get a complete picture of the CIRP. This chart will help you visualize how the various stages of the process fit together, and it will serve as a valuable reference as you navigate the intricacies of the CIRP.
We will also use real-world case studies and examples to illustrate how the CIRP works in practice. This will help you understand the nuances of the process and how it is applied in different situations.
By the end of this course, you will have a solid understanding of the CIRP and how it fits into the broader insolvency and bankruptcy framework in India. Whether you are a professional in the field or a student looking to learn more about this critical area, this course will equip you with the knowledge and skills you need to succeed.