IBBI-IGIDR Insolvency and bankruptcy reforms conference


3rd - 4th August, 2018
Magnolia, India Habitat Center, Delhi


Friday, 3rd August

08:30 - 09:00 Registration, Coffee and Tea
09:00 - 09:15 Inauguration
P. P. Choudhary, Minister of State for Law and Justice and Ministry of Corporate Affairs
09:15 - 10:30 Inaugural Panel
Injeti Srinivas, Ministry of Corporate Affairs
Subhash Garg, Department of Economic Affairs
M. S. Sahoo, IBBI
10:30 - 11:30 Session I: How is IBC is working?
Session Chair: Gyaneshwar Singh, Ministry of Corporate Affairs

The Reserve Bank of India (RBI) - 12 cases under the Insolvency and Bankruptcy Code (IBC)
Joshua Felman, J. H. Consultants, Varun Marwah and Anjali Sharma, Finance Research Group, IGIDR
Discussant: Clive Bernard, Herbert Smith Freehills

Value destruction and wealth transfer under the Insolvency and Bankruptcy Code
Pratik Datta, University of Oxford
Discussant: Ajay Shah, NIPFP
11:30 - 13:00 Panel 1: Challenges in arriving at a resolution plan
Context setting: Rajnish Kumar, State Bank of India
Shardul Shroff, Shardul Amarchand Mangaldas
Anuj Jain, BSR & Co
Nikhil Shrivastava, KKR
TBD, Kotak Mahindra Bank/ SBI
Shashank Saksena, DEA
Moderator: Susan Thomas, IGIDR
13:00 - 14:00 Lunch
14:00 - 15:00 Session II: Incentive effects of the insolvency law
Session Chair: Rajiv Lall, IDFC Bank

Creditor rights and bank losses: A cross-country comparison
Amanda Rae Heitz and Ganapathi Narayanamoorthy, A.B. Freeman School of Business
Discussant: Joshua Felman, J. H. Consultants

Consumers as creditors in corporate bankruptcy
Gausia Shaikh and Anjali Sharma, Finance Research Group, IGIDR
Discussant: Aparna Ravi, Samvad Partners
15:00 - 17:00 Panel 2: Challenges post IRP
Context setting: Shuva Mandal, Tata Sons
Cyril Shroff, Cyril Amarchand Mangaldas
Nikhil Shah, Alvarez and Marsal
Bahram Vakil, AZB & Partners
Harsh Vardhan, Bain Consulting
K. R. Saji Kumar, IBBI
Dhinal Shah, Ernst & Young
Moderator: Ajay Shah, NIPFP
19:00 onwards Dinner
India Habitat Centre, Location TBD

Saturday, 4th August

09:00 - 09:30 Registration, Coffee and Tea
09:30 - 10:30 Special Talk
Arvind Subramanian, Chief Economic Advisor
10:30 - 11:30 Session III: Building institutional capacity for the IBC
Session Chair: Sameer Sharma, IICA

Information in the insolvency age
Adam Feibelman, Tulane University and Renuka Sane, NIPFP
Discussant: K. R. Saji Kumar, IBBI

Regulating Insolvency Professionals under the IBC Tracing pathways to regulation based on a study of professional development
Anirudh Burman, NIPFP and Rajeswari Sengupta, IGIDR
Discussant: Sumant Batra, Kesar Dass B. & Associates
11:30 - 13:00 Panel 3: Institutional capacity in adjudication
Context setting: Bhargavi Zaveri, Finance Research Group, IGIDR
Justice Rohinton Nariman Supreme Court of India
Justice A. K. Sikri, Supreme Court of India
Justice M. M. Kumar, NCLT
Justice S. J. Mukhopadhaya, NCLAT
Moderator: Justice Kannan Ramesh, Supreme Court of Singapore
13:00 - 14:00 Lunch
14:00 - 15:00 Session IV: Ecosystem for IBC reform
Session Chair: Joshua Felman, J. H. Consultants

Enterprise value of firms in insolvency
Deepak Panda and Sandeep Goyal, Duff & Phelps India Private Limited
Discussant: Harsh Vardhan, Bain Consulting

Credit Risk Management and its determinants: a theoretical approach
Bijoy Rakshit and Samaresh Bardhan, IIT Ropar
Discussant: Renuka Sane, NIPFP
15:00 - 16:30 Panel 4: A market for stressed assets
Context setting: Ravi Chachra, Eight Capital Management, LLC
Sudarshan Sen, RBI
Harsh Pais, Trilegal
Joshua Felman, J. H. Consultants
Omkar Goswami, Corporate and Economic Research Group Advisory Pvt. Ltd.
Rashesh Shah, FICCI
Uday Kotak, CII
Moderator: Harsh Vardhan, Bain Consulting
16:30 - 17:30 A last word: The reform agenda
Montek Singh Ahluwalia
Vijay Kelkar
Somasekhar Sundaresan, Advocate
A. S. Chandiok, Chandiok & Associates
Tushar Mehta, Additional Solicitor General
Moderator: M. S. Sahoo, IBBI