Delivering the convocation address, Justice Ashok Bhushan, Chairperson of the National Company Law Appellate Tribunal (NCLAT), said the Insolvency and Bankruptcy Code has evolved significantly over the past decade, with major legal and operational issues now settled through landmark judicial pronouncements. He described the period from 2016 to 2021 as the “era of establishment” and the current phase as the “era of refinement,” noting that the Insolvency and Bankruptcy Code Amendment Act, 2026, reflects the legislation’s continued evolution. Justice Anupinder Singh Grewal, President of the National Company Law Tribunal (NCLT), in his keynote address, emphasized the need for stronger judicial and institutional coordination to ensure timely insolvency resolutions and advocated the adoption of the UNCITRAL Model Law on Cross-Border Insolvency to enhance India’s attractiveness as a global restructuring destination.

Addressing the conference, Ministry of Corporate Affairs Secretary Deepti Gaur Mukerjee described the Insolvency and Bankruptcy Code as a transformative reform that has reshaped India’s financial and corporate ecosystem. She highlighted that nearly ₹4 lakh crore has been recovered through resolution processes, with creditors realizing around 170 percent of liquidation value, while more than 32,000 cases were settled before formal admission, preserving credit worth nearly ₹14 lakh crore. Referring to the recently enacted Insolvency and Bankruptcy Code Amendment Act, 2026, she said the reform would further strengthen the insolvency framework and support the national vision of building a developed India under Viksit Bharat.

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The programme aims to sensitise officer trainees to critical areas such as corporate finance, competition regulation and insolvency law, while aligning the curriculum with their professional roles and responsibilities. Participants will gain insights into the management of company affairs, powers and investigative functions of the Competition Commission of India, regulatory governance, anti-competitive practices, debt and default, data-driven decision-making, drafting and legislative intent, and the Corporate Insolvency Resolution Process. The training also covers the roles of the National Company Law Tribunal and the National Company Law Appellate Tribunal, providing practical exposure to contemporary corporate and insolvency frameworks.

The post IICA Conducts Specialised Training on Corporate and Insolvency Laws for IES and ITS Officers appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.