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Corporate Insolvency [1]

Paper Code: 
BCS 514
Credits: 
03
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

To acquire knowledge of the legal, procedural and practical aspects of Corporate Insolvency.

9.00
Unit I: 
Introduction

• Concept of Insolvency, Historical Developments

• History of Bankruptcy Laws in USA, UK and India

9.00
Unit II: 
Revival, Rehabilitation and Restructuring of Sick Companies

• Sick Companies and their Revival with Special Reference to the Law and

Procedure relating to Sick Companies

Securitization and Debt Recovery

• Overview of the Securitization and Reconstruction of Financial Assets and

Enforcement of Security Interest Act, 2002; Process; Participants

9.00
Unit III: 
Securitization and Debt Recovery

• Special Purpose Vehicle (SPV), Asset Reconstruction Companies (ARCs),

Qualified Institutional Buyers (QIB)

• Overview of the Recovery of Debts Due to Banks and Financial Institutions Act,1993

• Tribunal, Procedure; Compromises and Arrangements with Banks and Creditors

9.00
Unit IV: 
Winding Up

• Concept; Modes of Winding Up; Administrative Machinery for Winding Up

• Winding up Process and Procedure; Managing Stakeholders and Parties in

Liquidation; Conducting Meetings of Shareholders/Creditors; Dealing with

Contracts; Managing Estate

• Outsourcing Responsibilities to Professionals/Service providers such as Valuers, Security Agencies

• Best Practices in Performing Liquidation/Administrator Functions; Accountability and Liabilities; Role of Liquidators and Insolvency Practitioners

• Consequences of Winding Up; Winding Up of Unregistered Companies;

Dissolution

9.00
Unit V: 
Cross Border Insolvency

• UNCITRAL Model Law on Cross Border Insolvency

• UNCITRAL Legislative Guide to Insolvency Law

• World Bank Principles for Effective Insolvency and Creditor Rights

• Asian Development Bank Principles of Corporate Rescue and Rehabilitation

Bankruptcy under Chapter 11 of US Bankruptcy Code 

References: 

1. Study Material Published by ICSI

2. Scanner: Arun Kumar (Suchitra Prakashans P Ltd)

3.  Law of Insolvency-Avtar Singh(Eastern Book Company Lucknow)

 

Academic Year: 
2015-2016 [2]

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Source URL: https://accountingtaxation.iisuniv.ac.in/courses/subjects/corporate-insolvency-1

Links:
[1] https://accountingtaxation.iisuniv.ac.in/courses/subjects/corporate-insolvency-1
[2] https://accountingtaxation.iisuniv.ac.in/academic-year/2015-2016