Presentations

SARFAESI ACT

  • Notified Sections
  • NBFCs notified under the SARFAESI Act
  • Meaning of Security Interests
  • Ingredients of a Charge
  • Financial Assistance
  • Secured Creditor – sec 2 (1) (zd)
  • Borrower
  • Secured Asset
  • Exceptions under sec. 31
  • Enforcement of Security u/s 13
  • Policy for Takeovers
  • Simultaneous or Multiple Proceedings
  • Enforcement of Possession u/s 14
  • Priorities and Pari-passu Interests
  • Appeal u/s 17
  • Application to DRT
  • Unresolved issues on Possession/ Sale of Assets
  • relevant case laws on SARFAESI Act, 2002.

 

INSOLVENCY & BANKRUPTCY CODE, 2016 AND SARFAESI ACT

  • Insolvency regime in India
  • Committees on bankruptcy reforms in India
  • Banking law reforms committee (BLRC)
  • Scenario of laws prior to the Code
  • Key objectives in liquidation
  • Why collective remedies
  • Highlights of the Code – Corporate Insolvency
  • Highlights of the Code – Voluntary Liquidation
  • Highlights of the Code – Non-Corporate Debtors
  • Duties of Resolution Professional

 

IMPACT OF THE CODE ON BANKS AND FINANCIAL INSTITUTIONS

  • Impact of the Code
  • Structuring of loans
  • Restructuring under RBI guidelines vs resolution under the Code

 

INSTITUTIONAL AND REGULATORY FRAMEWORK

  • The Insolvency and Bankruptcy Board of India
  • Insolvency Professional Agencies
  • Insolvency Professionals
  • Information Utilities

 

INSOLVENCY RESOLUTION & BANKRUPTCY FOR INDIVIDUALS & PARTNERSHIP FIRMS

  • Phase I: Admission of Debtor’s Application
  • Phase II: Discharge Order
  • Insolvency Resolution Process
  • Application for bankruptcy order
  • Appointment of bankruptcy trustee
  • The estate of the bankrupt
  • Priority of payment

 

INSTITUTIONAL AND REGULATORY FRAMEWORK

Insolvency resolution process & liquidation for corporate entities

  • Corporate Insolvency Resolution process
  • Initiation and commencement
  • Conduct of CIRP
  • Effect of Moratorium order
  • Implementation of the resolution plan

 

CORPORATE PERSONS REGULATIONS

  • Appointment of Resolution Professional
  • Duties of Resolution Professional
  • Committee of Creditors
  • Fast Track IRP

 

CORPORATE COMPULSORY LIQUIDATION

  • When liquidation happens
  • Modes of winding up of companies
  • Liquidation process
  • Liquidation estate
  • Liquidation under the code
  • Preferential transactions
  • Undervalued transaction
  • Transactions defrauding creditors
  • Extortionate credit transactions
  • Distribution of assets: order of priority
  • Provisioning implications of the code

 

LIQUIDATION REGULATION

  • Stage-wise submission of reports
  • Resolution Plan
  • Duties of liquidator
  • Liquidator’s fee

 

ADJUDICATING AUTHORITY

  • Adjudicating Authority for Corporate Persons
  • Adjudicating Authority for Individuals and Partnership Firms.

 

APPEALS

  • Under the Insolvency and Bankruptcy Code, 2016
  • Companies Act 2013
  • Companies Act 1956

IMPORTANT PROVISIONS UNDER THE CODE

  • Insolvency and bankruptcy fund
  • Overriding law
  • Transitional Provisions
  • Information Utility & Financial information
  • Repeals and other laws affected

 

SICA AND REPEALS ACT

  • Failure of SICA
  • SICA Repeals Act
  • Transfer of proceedings