The Insolvency and Bankruptcy Code (IBC) is considered as the biggest economic reform next only to GST, which consolidates and amends the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time-bound manner. The IBC focuses upon the corporate and individual insolvency resolution process and introduces the concept of the Insolvency and Bankruptcy Board of India which would regulate a new genre of Insolvency Professionals through Insolvency Professional Agencies.

  • Start: Course can be completed in 10 Days
  • Class: 5 Modules

·         A. Course updates
o    A. Some important updates
·         1. Introduction
o    1.1 Welcome
o    1.2 Why take this course?
·         2. Understanding corporate insolvency
o    2.1 What is the meaning of corporate insolvency?
o    2.2 Understanding the difference - Insolvency and Bankruptcy
o    2.3 Cross-border insolvency
·         3. Kinds of debt: Financial and operational
o    3.1 Operational debt
o    3.2 Financial debt
·         4. Knowing creditors
o    4.1 Introduction
o    4.2 Financial creditors
o    4.3 Operational creditors
o    4.4 Decree holders and other creditor
·         5. Objectives of the IBC
o    5.1 Objectives of the IBC
o    5.2 Brief history of evolution of IBC, 2016
o    5.3 Key changes in insolvency or liquidation regime
·         6. Insolvency Regulator and Adjudicating Authority
o    6.1 Insolvency Regulator—IBBI
o    6.2 Knowing the Adjudicating Authority—NCLT
o    6.3 NCLT Benches
o    6.4 NCLAT
·         7. Insolvency professionals
o    7.1 Knowing the Insolvency Professional
o    7.2 Becoming an Insolvency Professional?
o    7.3 Eligibility
o    7.4 Qualifications
·         8. The Insolvency Professional Agency
o    8.1 Eligibility for registration as Insolvency Professional Agency
o    8.2 Duties of Insolvency Professional Agency
·         9. Information utilities
o    9.1 What is an information utility?
o    9.2 What is financial information?
o    9.3 Who can submit the information to an information utility?
o    9.4 What are the services provided by information utilities?
·         10. Initiating the Corporate Insolvency Process
o    10.1 Triggers for corporate insolvency resolution process
o    10.2 Who can initiate corporate insolvency resolution process?
o    10.3 Where to file petition for corporate insolvency resolution process?
o    10.4 How to file petition for corporate insolvency resolution process?
o    10.5 Adherence to strict timelines
o    10.6 Interim Resolution Professional
o    10.7 Period of moratorium
·         11. Committee of creditors
o    11.1 Knowing the Committee of Creditors
o    11.2 Voting shar
·         12. Liquidation
o    12.1 Initiation of liquidation
o    12.2 Powers and duties of liquidator
o    12.3 Waterfall mechanism
·         13. Road ahead
o    13.1 Conclusion


 In every walk of life, the process of evaluation takes place in one form or the other. If the evaluation process is eliminated from human life then perhaps the aim of life may be lost. Being in the same line, INDIAN LAW SCHOOL is committed to evaluate the process of learning through its courses. There will be an MCQ test for each course, that would test the basic understanding of the topics covered in the courses The most intriguing aspect of the evaluation process is the time flexibility it affords. You can take the MCQ test and submit the project assignment as per your convenience. To be eligible to receive a certificate after successful completion of the course, one is required to secure a minimum of 40 percent overal