RGNUL Hosts Practicum Lecture On 'Next 10 Years of IBC'; IBLD Signs MoU With Insolvency Law Academy
A practicum lecture on “Next 10 Years of IBC” was delivered by Mr. Sumant Batra, offering a forward-looking perspective on the evolving landscape of insolvency law in India. Mr. Batra, an insolvency lawyer and President of the Insolvency Law Academy (ILA), shared practical insights on the transformation brought about by the Insolvency and Bankruptcy Code (IBC) in creditor-debtor relations.
The lecture highlighted that the IBC is expected to become more robust, efficient, and time-bound in the coming decade. Emphasis was laid on improving resolution timelines, strengthening institutional frameworks such as the NCLT, and addressing challenges including delays, capacity constraints, and value maximisation. The discussion also covered the growing importance of cross-border insolvency and the need for India to align with global best practices.
A significant highlight of the event was the signing of a Memorandum of Understanding (MoU) between IBLD and ILA in the presence of Mr. Sumant Batra, Mr. Manoj Sharma, Mr. Ankit Srivastava, along with the convenors and members of IBLD. The collaboration aims to enhance academic and practical engagement in insolvency law.
The lecture witnessed active participation from students, who raised questions on various aspects of insolvency and bankruptcy, including procedural challenges and real-world applications. Mr. Batra addressed the queries, offering practical insights from his experience. The session aimed at bridging the gap between theoretical understanding and practical application of insolvency law.