The International Women’s Insolvency & Restructuring Confederation (IWIRC) India recently hosted a Study Circle Session to discuss ‘Recent developments through NCLT/NCLAT orders and the draft Valuation rules’. In pursuance of its commitment to promote the growth of professionals in the insolvency and restructuring practice in India, the study circle meet was organised as a forum for the participating members to share practical insights on the challenges that the new Insolvency & Bankruptcy Code 2016 (IBC) entails.

The event was hosted at Trilegal, New Delhi Office. The audience included Insolvency Professionals, Lawyers, Chartered Accountants and Company Secretaries who actively participated in the interactive session focused on addressing various challenges that the code brings into play. The session was chaired by Ms. Mamta Binani, IWIRC India Board Member, Past President ICSI, who shared her recent experiences as an Insolvency Professional. The discussion was moderated by Upasana Rao, Partner, Trilegal who also shared her thoughts on the nuances and legal risks involved in restructuring and distress sale transactions.

The platform provided the members and prospective members an opportunity to share ongoing complexities especially pertaining to data analysis, working out a resolution plan and consensus building amongst lenders, challenges in information sharing, and the significance of skill-sets required for conducting valuations.