Page 24 - IBBI

INSOLVENCY AND BANKRUPTCY NEWS

Complaints and Grievances Building Ecosystem
The IBBI (Grievance and Complaint Handing Procedure) Regulations, 2017
enable a stakeholder to le a grievance or a complaint against a service IP Workshops
provider. Beside this, grievance and complaints are received from the
Centralised Public Grievance Redress and Monitoring System, CPGRAMS, The IBBI has been organising Advanced workshops for registered IPs with
Prime Minister's Ofce, MCA, and other authorities. The receipt and the aim to deliver specialised and deep level learning through classroom
disposal of grievances and complaints till March 31, 2022 is presented in and non-residential mode. It organised two Basic Workshops and two
Table 20. Advanced Workshops for the IPs during the quarter, through online mode.
Table 20: Receipt and Disposal of Grievances and Complaints till March 31, 2022 (Number) The details of the workshops conducted till March 31, 2022, are given in
Year Complaints and Grievances Received Total Table 23.
Under the Through Through Other Received Disposed Under
Regulations CPGRAMS/PMO/MCA/ Modes Examination Table 23: Capacity Building Programmes for IPs till March 31, 2022
Other Authorities)
Year / Period Basic Advanced Other Webinars Roundtables Trainings Total
Received Disposed Received Disposed Received Disposed
Workshops Workshops Workshops
2017 - 2018 18 0 6 0 22 2 46 2 44
2016 – 17 1 - - - 8 - 9
2018 - 2019 111 51 333 290 713 380 1157 721 480
2019 - 2020 153 177 239 227 1268 989 1660 1393 747 2017 – 18 6 - - - 44 - 50
2020 - 2021 268 260 358 378 990 1364 1616 2002 361 2018 – 19 7 - - - 22 - 29
2021 - 2022 276 279 574 570 611 784 1461 1633 189 2019 – 20 4 6 5 1 22 - 38
Total 826 767 1510 1465 3604 3519 5940 5751 189
2020 – 21 1 2 6 29 18 2 58
2021 – 22 7 7 - 21 12 3 50
Examinations Total 26 15 11 51 126 5 234
Limited Insolvency Examination Webinars
The IBBI publishes the syllabus, format, etc. of the Examination under During the quarter, the IBBI organised several webinars for the benet of
regulation 3(3) of the IBBI (Insolvency Professionals) Regulations, 2016. It IPs and other stakeholders of the IBC ecosystem, as presented in Table 24.
reviews the Examination continuously to keep it relevant with respect to
dynamics of the market. It has successfully completed six phases of the Table 24: Webinars during January - March 31, 2022
Limited Insolvency Examination. Sixth phase of the Examination concluded Sl. No. Date Particulars In Association With
on February 28, 2022 and seventh phase commenced on March 01, 2022. 1 04-02-22 Personal Guarantors and Liabilities of Directors FCDO UK
It is a computer based online examination available on daily basis from 2 16-02-22 Engagement of Professionals during CIRP -
various locations across India. NSEIT Limited is the current test 3 23-02-22 Cross Border Insolvency FCDO UK and IIIPI
administrator. The details of the Examination are given in the Table 21.
Table 21: Limited Insolvency Examination
Phase Period Number of Attempts Successful
(some candidates made Attempts
more than one attempt)
First Jan 2017 – Jun 2017 5329 1201
Second Jul 2017 – Dec 2017 6237 1112
Third Jan 2018 – Oct 2018 6344 1013
Fourth Nov 2018 – Jun 2019 3025 505
Fifth Jul 2019 – Dec 2020 5860 1016
Sixth Jan 2021 – Feb 2022 2741 474
Seventh Mar 2022 127 8
Total 29663 5329
Valuation Examinations
The IBBI, being the authority, under the Companies (Registered Valuers
and Valuation) Rules, 2017, commenced the Valuation Examinations for
asset classes of: (a) Land and Building, (b) Plant and Machinery, and Webinar on Personal Guarantors and Liabilities of Directors; February 4, 2022
(c) Securities or Financial Assets on March 31, 2018. It reviews the
Examinations continuously to keep it relevant with the changing times. The
second phase concluded on May 31, 2020 and the third phase commenced
on June 1, 2020. Syllabus for Phase 4 of the Valuation Examinations w.e.f
July 01, 2022, was notied on March 31, 2022. It is a computer based online
examination available from several locations across India.
National Institute of Securities Market is the current test administrator. The
details of the Examinations are given in Table 22.

Table 22: Valuation Examinations
Phase Period Number of Attempts (some Number of Successful
candidates made more than one Attempts in Asset Class
attempt) in Asset Class
Land & Plant & Securities or Land & Plant & Securities or
Building Machinery Financial Building Machinery Financial
Assets Assets
First Mar 2018 – Mar 2019 9469 1665 4496 1748 324 707
Second Apr 2019 – May 2020 3780 757 4795 380 95 656
Third Jun 2020 – Dec 2021 6250 1593 6745 478 112 645
Fourth Jan 2022 – Mar 2022 905 154 554 56 15 47
Total 20404 4169 16590 2662 546 2055 Roundtable on Engagement of Professionals; February, 22, 2022

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