15th May, 2015
Mumbai Cricket Association, BKC, Mumbai
This is the third in the bankruptcy reform roundtables. In continuation of the second bankruptcy in March 2015, we extend the discussion about critical aspects of an efficient bankruptcy process. In this roundtable, we discuss multiple themes ranging from clarity on what the legal framework for bankruptcy resolution in India seeks to achieve, and the form of the law that may achieve it, learnings from other countries and clarity on information systems for land as collateral, the difference in the role of the bankruptcy professionals and the role of the adjudicating authority for the bankruptcy process going forward. A central feature of this thinking is the focus on building an efficient bankruptcy process. Where efficiency continues to be measured in terms of the time taken and the economic costs incurred. Unlike the previous roundtable, in this session, we explicitly address the question of both individual as well as corporate resolution processes for the new bankruptcy law.
| 10:00 - 10:30 | BLRC thinking about the Indian Bankruptcy Code
[presentation]
Susan Thomas, IGIDR, FRG |
| 10:30 - 10:50 |
Learnings from other jurisdictions: Corporate
insolvency in the U.K. and Singapore
[presentation]
Rajeswari Sengupta, IGIDR and Anjali Sharma, IGIDR FRG |
| 10:50 - 11:10 | Learnings from other jurisdictions: Individual
insolvency in the U.K. and Australia
[presentation] Renuka Sane, ISI Delhi |
| 11:10 - 11:30 |
Bankruptcy information systems: Issues of land as
collateral in bankruptcy
[presentation] K. P. Krishnan, Dept. of Land Resources, Venky Panchapagesan and Madalasa Venkataraman, IIM Bangalore |
| 11:30 - 13:00 | Panel discussion with:
Ajay Choudhary, RBI Puneet Duggal, MCA Saurabh Jayawant, IFMR Capital K. P. Krishnan, Dept. of Land Resources Debanshu Mukherjee and Priya, Vidhi Center for Legal Policy Badri Narayan, Third Eye Capital Kannan Rahul, JSA Law Richa Roy and Bahram Vakil, AZB Partners Ajay Shah, NIPFP M R Umarji, IBA T. K. Viswanathan, Chairman of the BLRC |
| 13:00 - 14:00 | Lunch |
| 14:00 - 14:30 |
Building an institution of Insolvency
Practitioners for India
[presentation]
Anirudh Burman and Shubho Roy, NIPFP |
| 14:30 - 15:00 |
Learnings from the Financial Sector Appelate
Tribunal Task Force
[presentation] Anirudh Burman and Pratik Dutta, NIPFP |
| 15:00--15:45 | Panel discussion |
| 15:45--16:00 | Closing remarks |