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Hon’ble Mr. Justice Sudhansu Jyoti Mukhopadhaya, Chairperson, National Company Law Appellate Tribunal delivers the IBBI Inaugural Annual Day Lecture.

News and Press Release - Dated:- 3-10-2018 - To commemorate its establishment on 1st October, 2016, the Insolvency and Bankruptcy Board of India (IBBI) has instituted an Annual Day Lecture by a distinguished leader having substantial contribution in .....

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and Governance at Nehru Memorial Museum and Library Auditorium, New Delhi. The lecture witnessed presence of Judicial and Technical Members of the NCLAT, President, NCLT, Chairmen and Members of Regulatory Bodies, Senior Officers of the Government, .....

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airperson, IBBI in his welcome address briefly shared the fast, but passionate journey of the Insolvency and Bankruptcy Code, 2016 (Code) and progress in its implementation. He stated that the Code envisages market-led solutions to address honest fai .....

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isincentives under the Code would bring in behavioural changes on the part of every stakeholder, minimising the incidence of failure, default and under-performance and therefore, in the long run, the best use of the Code would be not using it at all. .....

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ed that not more than 10% orders of the NCLT are appealed against. Further, he stated that the old regimes such as SARFAESI, or SICA had given the powers in the hands of debtors whereas the Code has strengthened rights of creditors and entrusted the .....

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area of general principles of law and the Contract Act. He lauded the IBBI for its prompt response to emerging needs. The Hon ble Justice Mr. Sudhansu Jyoti Mukhopadhaya extensively dwelt on dynamic law and governance framework in fast growing econom .....

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). This enables new firms to emerge continuously. They do business when they are efficient and vacate the space when they are no longer efficient. This ensures the most efficient use of resources and consequently optimum economic wellbeing. The Compe .....

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tions are of recent origin and define the contours of economic freedom and consequently economic wellbeing. The Hon ble Justice Mr. Mukhopadhyay complimented the IBBI for setting high standards of competence and dedication and achieving significant m .....

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