Call for Papers invited for - International Research Conference on Insolvency and Bankruptcy

About the Organization:

The Insolvency and Bankruptcy Code, 2016 (IBC / Code) is a noble law as it is designed to take care of a person who needs it most, whether it is a company, a LLP, a proprietorship, or partnership firm, or an individual. Over the past five years, the Code, the Insolvency and Bankruptcy Board of India (IBBI), the Adjudicating Authorities (the NCLT) and the Appellate Authority (the NCLAT) for the matters under the Code have had an eventful journey, including that of handling COVID-19 pandemic induced disruptions. Starting from the implementation of the Code, setting up of new organisation and complete infrastructure to handle insolvency activities, the Indian regulatory environment for insolvency and bankruptcy of corporates, to start with, has witnessed a remarkable transition from an archaic resolution and liquidation process to a modern one attempting and facilitating faster resolution of distressed companies and assets. The Supreme Court of India has been proactively clarifying a number of provisions of the Code as they have arisen during the course of its implementation. Having undergone six amendments since its enactment, the Code continues to be a work in progress. Insolvency resolution regime is an important part of well-governed polity and efficient economy. It enables creation of an environment that is conducive for entrepreneurship and appropriate risk taking, while safeguarding creditors, as well as providing expertise and service for businesses and persons facing financial stress. There is now a growing body of literature that aims to address the gaps between the theoretical aspects of insolvency law and its practice and impact on the ground. Academic knowledge, evidence and expertise can help inform, design, improve and test policy and ultimately make government policy better. Deep research can bring together evidence to support policy makers in achieving real world outcomes. This includes development and use of a sound evidence base through robust and continuous research. It is crucial to continue to study the impact of the insolvency framework created by the IBC, look at its future, investigate its strengths, weaknesses, opportunities, and threats on a regular basis. Deep research can identify how the framework will need to adapt to meet future  to challenges and how tchallenges and how the policy and regulatory framework may complement the ‘ease of doing business’ aspirations of the country. To promote research and discourse in the field of insolvency and bankruptcy, the two-day international research conference calls upon academics & researchers, lawyers, economists, regulators, to submit research proposals.

About the Conference:

This conference is an opportunity to understand the importance and impact of IBC in its totality through the multi-disciplinary research papers. Research that aims to understand the legal, economic, financial, behavioural and management aspects of the IBC are welcomed. A field wise classification of potential research topics under the Indian insolvency and bankruptcy space- i.e., in relation to the IBC is listed below. Several studies maybe inter-disciplinary in nature hence cannot be isolated to fall under a single field of study and researchers are encouraged to explore the interdisciplinary nature as well.

Topics Covered:

a) Economic /Financial

• Impact of IBC on credit channels and bond markets
• Sectoral analysis of effectiveness of IBC
• IBC and economic growth
• Assessing outcomes and impact of the IBC
• Developing a framework for assessing outcomes of insolvency regimes
• Insolvency law during COVID-19
• Early warning of stress in a corporate
• Managing Interim Finance
• MSME Stress and efficacy of Pre-packs
• Resolvability Assessment Framework
• Stress in MSME Sector and Prepacks
• Dealing with Interim Finance
• Role of Asset Reconstruction Companies as resolution applicant
• NPA v/s default: Corelation and time lag

b) Legal

• Balancing interests of stakeholders under processes under the Code
• Operationalisation of Part III of the IBC: Issues and Challenges
• Legislative framework for cross border insolvency: Lessons for India
• Pre-packaged insolvency resolution: Learnings for India
• Comparative analysis of insolvency laws across the globe
• Group Insolvency
• Streamlining the processes under the Code
• Valuations for insolvency and bankruptcy
• Streamlining voluntary liquidation processes
• Role of mediation in the insolvency process across the jurisdictions
• Assessing Section 29A of the IBC

c) Behavioral

• Code of conduct for the committee of creditors
• Observing and measuring behavioral change among stakeholders of IBC
• Technological developments and integration with IBC
• Development of platform for distressed assets
• Interaction of IBC and its pillars (IBBI, Information Utilities, Insolvency Professionals,Adjudicating Authority)

d) Management

• Effectiveness of IBC’s institutional structures – IBBI, IPs, AA, and IUs
• Interaction of IBC with other laws (FEMA, SEBI, Arbitration and Conciliation Act)
• Fairness and equity in corporate processes under the Code
• Developing a market for distressed assets

Participants:

• The conference is open to individuals from all disciplines interested and involved in insolvency and bankruptcy processes and its multi-disciplinary issues. Conference organisers encourage professionals and scholars to participate and present their papers in any of the topics listed above.
• There is no participation fee. Professionals, scholars, and students can also register and participate in the event without presenting the paper.

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