PPT-INSOLVENCY AND BANKRUPTCY CODE, 2016

SUNEEL KUMAR MANNEM BCOMACMA PRACTICING COST ACCOUNTANT Overview of IBC2016 and Opportunities to professionals NEED . Chapter 11 Bankruptcy is the process created by the United States Bankruptcy Code to preserve the going concern value of operating businesses and to allow for a decision to be made by company’s creditors and equity holders or the Bankruptcy Court (if agreement cannot be reached) as to how such going concern value will be shared, distributed or reallocated. . . the speaker. Grant Jones . LLM.. Chartered Accountant, Solicitor, New York Attorney, Licensed Insolvency Practitioner & Special Professor of Laws, Nottingham University .. LinkedIn - . http://uk.linkedin.com/in/accountantarbitrator. - Landmark reform. . CS. ANIL MURARKA. - . PAST PRESIDENT – ICSI & CSIA. - PRACTISING COMPANY SECRETARY. NEED . (1/3). Existing Mechanism – Inadequate & Ineffective :. No single Law dealing with IB in India;. The . Authority. . of. . Audit. , . Accounting. , . Property. . Valuation. . and. . Insolvency. . Management. . under. the . Ministry. . of. . Finance. . of. the . Republic. . of. Lithuania. . insolvency. When liabilities exceed assets. Only legally insolvent when sequestrated by order of court. legislation. In South Africa the . Insolvency Act 24 of 1936 . deals with insolvency . sequestration. - . Interpreting the . I&B Code. Presented by:. . Khushroo B. Panthaky. . . Chartered Accountant, Bombay. 18 June 2017 – ICAI, Aurangabad . Contents. why is the Code . imperative .  . Alexander BIRYUKOV. Doctor of Law, . Professor (. Kyiv Taras Shevchenko National University. ), . Counsel, LCF Law Group . UKRAINIAN BANKRUPTCY SYSTEM. Main Elements:. . - Economic courts.. - Debtors: Legal Economic Entities & Sole Entrepreneurs.. Code, . 2016 . and . SARFAESI . Act. AAA Insolvency Professionals LLP. New. . Delhi. E-10A, LGF, Greater Kailash, New Delhi, 110065. E:. Email:. 4. Journey of . the. . Code. Need . for . bankruptcy . Council . For Fair Business Practices. “. Our Mission.  . “We shall promote the highest ethical practices, by business & professionals, in order to Provide complete satisfaction to consumers & other stakeholders.”. Accountants of. . India. INSOLVENCY . AND . BANKRUPTCY. . CODE. 1. The . Institute of Cost Accountants of. . India. Background. When: . It . was . introduced . by . the . Minister . of . Finance, . Insolvency as a Debt Recovery Tool. Presented. by . Freeths. LLP and . Weightmans. LLP 15/01/2015. Peter Brewer. Weightmans. LLP. BANKRUPTCY AS A RECOVERY METHOD. Graham Danby. Freeths. LLP. About me . Chapter 26 Bankruptcy, Workouts, and Corporate Reorganization Chapter Outline 26.1 Introduction 26.2 What is Financial Distress and Failure ? 26.3 Voluntary Restructuring and Corporate Focus 26.4 Bankruptcy reiterated by Elizabeth Turner, European counsel with investment The Bankruptcy Code defines “consumer debt” as debt incurred by an individual primarily for a personal, family, or household purpose. 11 . U.S.C. . § 101(8). . Not business debt.. Can be chapter 7, 11, 12, or13 .