2019 has been a historic year in the evolution and development of the insolvency and bankruptcy regime, with crucial rulings, timely legislative and regulatory action.
Lakshmikumaran & Sridharan (L&S), is organizing a breakfast session to discuss and breakdown the key developments in the insolvency and bankruptcy regime in 2019, and to address the practical challenges faced by financial sector.
The session will also address:
- Challenges faced by financial investors as potential resolution applicants
What should financial investors, debt investors and asset reconstruction companies do to safeguard eligibility?
- Against which class of creditors restructuring options outside the IBC should be considered
What are the classes of borrowers against whom insolvency resolution process under the IBC has not yielded desirable results? Should restructuring outside the IBC be considered – what are the asset classification and provisioning benefits, if any?
- Attachment and confiscation of property of the debtor during pendency of the resolution process
What is the status of property attached under Prevention of Money Laundering Act, 2002; can it form part of the resolution plan?
The above topics have been carefully selected for this discussion since they are crucial in financial and strategic decision making in pre and post insolvency processes.
Mr. V. Lakshmikumaran
Managing Partner, L&S Attorneys