Understanding the Significance of the Bombay High Court Verdict: Implications for Insolvency Professionals

13 April, 2024 05PM to 06PM | ZOOM

It gives us immense pleasure to introduce the launch of the INSOL India IP Forum webinar series – of IPs, by IPs and for IPs. At INSOL India, we recognize the pivotal role IPs play in the success of the Insolvency and Bankruptcy Code.

The Forum recognizes the need to support Ips in any manner possible and focus on the practical issues plaguing the professional instead of merely theoretical updates alone. The Forum is organising a must attend webinar for all Insolvency Professionals on the potentially game changing “IMPACT OF THE BOMBAY HIGH COURT VERDICT OF 4 APRIL 2024” where IPs and legal minds will come together to understand and debate the implications and impact of the judgement.

The interactive webinar will see a deep dive into the ramifications of the recent judgment for the insolvency landscape – will it bring about clarity and fairness for Insolvency Professionals (Ips) and stakeholders alike? By invalidating the IBBI circular on NCLT approval for Liquidation Fees and addressing the issue of frequent Show Cause Notices, the judgment heralds a new era of transparency and procedural integrity. Its significance lies not only in providing immediate relief to Ips by removing burdensome hurdles but also in reaffirming the principles of natural justice and due process within the insolvency resolution framework. Moreover, the judgment sets a crucial precedent for regulatory accountability and fairness, ensuring that the rights and interests of IPs are upheld while safeguarding the integrity of the insolvency process as a whole. Ultimately, this landmark ruling not only bolsters confidence in the regulatory framework but also fosters a conducive environment for effective and equitable insolvency resolution, thereby underpinning the stability and credibility of the financial ecosystem.

We are grateful to our esteemed panelists Ms. Anju Agarwal, ASC Group, Mr. Sundaresh Bhat, BDO Ms. Pooja Mahajan Managing Partner, Chandhiok & Mahajan, Advocates and Solicitors Mr. Jayesh Sanghrajka, Co- Founder, InCorp India this session promises an insightful debate on the implications of the recent verdict and potential paths forward for Insolvency Professionals, on 13 April 2024 Time: 5:00 PM – 6:30 pm via Zoom

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