Course Outcomes (COs):
Course Outcomes |
Learning and teaching strategies |
Assessment Strategies |
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On completion of this course, the students will be able to; CO 176:Explain circumstances and the procedure for winding up of the company. CO 177:To assess the procedure of liquidation and winding up of company in pre and post of the code. CO 178:Analyze the impact of insolvency laws on company liquidation and winding up. CO 179:Appraise the distribution of company’s assets among creditors and contributories. To access the various types of liquidation and winding up under companies act 2013. CO 180 :To access the various types of liquidation and winding up under companies act 2013.
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Class lectures Seminars Tutorials Group discussions and Workshops Question preparation |
Class test, Semester end examinations, Quiz, Assignments, Class interaction, Presentation, Case study analysis, Open ended questions, think-pair-share, Socratic seminar |
Insolvency: Historical Background; Pillars of IBC, 2016; Key Definitions and Concepts; Insolvency Initiation/Resolution.
Petition for Corporate Insolvency Resolution Process:Legal Provisions; Procedure, Documentation; Appearance, Approval; Case Laws.
Role, Functions and Duties of IP/ IRP/ RP: Public announcement, Management of affairs and operations of company as a going concern, Raising of Interim Finance, Preparation of Information Memorandum.
Resolution Strategies: Restructuring of Equity & Debt; Compromise & Arrangement; Acquisition, Takeover & Change of Management; Sale of Assets; Valuation.
Convening and Conduct of Meetings of Committee of Creditors: Constitution of Committee of Creditors; Procedural aspects for meeting of creditors.
Preparation & Approval of Resolution Plan: Contents of resolution plan; Submission of resolution plan; Approval of resolution plan.
Individual/ Firm Insolvency: Application for insolvency resolution process; Report of resolution professional; Repayment plan; Discharge Order.
Fresh Start Process: Person eligible to apply for fresh start; Application for fresh start order; Procedure after receipt of application; Discharge order.
Debt Recovery &SARFAESI :Non-Performing Assets; Asset Reconstruction Company; Security Interest (Enforcement) Rules, 2002; Evaluation of various options available to bank viz. SARFASEI, DRT, Insolvency Proceedings; Application to the Tribunal/ Appellate Tribunal.
Cross Border Insolvency :International Perspective and Global Developments; UNCITRAL Legislative Guide on Insolvency Laws; US Bankruptcy Code, Chapter 11 reorganization; Enabling provisions for cross border transactions under IBC.
Liquidation on or after failing of RP: Initiation of Liquidation; Distribution of assets; Dissolution of corporate debtor.
Cross Border Insolvency :International Perspective and Global Developments; UNCITRAL Legislative Guide on Insolvency Laws; US Bankruptcy Code, Chapter 11 reorganization; Enabling provisions for cross border transactions under IBC.
Liquidation on or after failing of RP: Initiation of Liquidation; Distribution of assets; Dissolution of corporate debtor.
ESSENTIAL READINGS:
SUGGESTED READINGS: