28 May, 2020

28 May, 2020

28 May, 2020

The Insolvency and Bankruptcy Board of India in association with ICSI Institute of Insolvency Professionals and in collaboration with the British High Commission organised a Webinar on "Reviewing and Challenging Avoidable Transactions under IBC: How to maximise the assets”. The Webinar covered the discussion on various duties and best practices which must be discharged by Insolvency Professionals, acting in the capacity of Resolution Professionals and Liquidators to ensure that avoidance transactions are effectively identified, sufficient evidence is collected and enforcement is triggered so that they collectively result in an increased recovery from such transactions. It also covered an overview of the prevailing framework in other leading international jurisdictions and its applicability in the Indian context. The Keynote Address was delivered by Mr. K. R. Saji Kumar (Executive Director, IBBI) and Mr.Rahul Ahluwalia, First Secretary (Financial Services, British Deputy High Commission). The Welcome Address was delivered by Dr. Binoy J. Kattadiyil, (Managing Director, ICSI IIP), and Introduction Address by CS Nagendra D. Rao (Vice President, ICSI). The other speakers at the session included Mr. Dhananjay Kumar (Partner, Cyril Amarchand Mangaldas), Mr. Dhruv Phophalia (Managing Director, Alvarez & Marsal), Ms. Madlyn Gleich Primoff (Partner, Freshfields Bruckhaus Deringer, New York), Mr. Craig Montgomery (Partner, Freshfields Bruckhaus Deringer, London).