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SUMMARY:The next chapter of IBC: Innovations and expectations for India’s insolvency framework
DESCRIPTION:In-person event \n\n\n\nThis seminar will discuss developments in India’s Insolvency and Bankruptcy Code 2016 over the past year\, including creditor recoveries of over $40 billion and major real estate resolutions that have safeguarded homebuyer interests and facilitated the completion of stalled projects\, supported by innovative frameworks like the ‘Reverse CIRP’. The seminar will also discuss continuing controversies under the IBC including the absence of a framework for non-corporate debtors\, the use of ADR within the IBC and cross border insolvencies and the IBC. \n\n\n\nThe IBC’s achievements in 2024 underscore its critical role in India’s economy. However\, the next chapter will require bold reforms to tackle unresolved issues\, including cross-border insolvency\, non-corporate debtor inclusion\, and sector-specific resolutions\, ensuring a more inclusive and robust insolvency regime. \n\n\n\nThis seminar explores the challenges that lie ahead for India and what to expect in the coming year. \n\n\n\nAbout the speaker\n\n\n\nPreeti Nalavadi is a qualified and admitted corporate lawyer from India with over 15 years of experience. She has worked in different capacities both in Australia and in India including working as an Inhouse Counsel at Canara Bank (for 11 years)\, one of the leading Banks in India. \n\n\n\nShe is currently a Doctoral Candidate at Adelaide Law School under the supervision of Associate Prof Dr Sylvia Villios\, Emeritus Prof Chris Symes and Associate Prof David Brown. Her thesis topic is Comparative and functional study of corporate rescue in three countries- US Australia and India. She had been awarded Commonwealth and Zelling Gray Scholarships. She is a Sessional Academic for undergrad and postgrad courses and mainly teaches Commercial and Business laws at Adelaide Law School. \n\n\n\nDuring her candidature she has been invited to present her research at various international conferences organised by the Australian Corporate Law Teachers Association (Scola)\, Australia and New Zealand Law History and Society\, Ross Parson Centre at Sydney Law School and Prof Bob Wessels’ PhD Conference (Leiden University). She is working on publications for peer reviewed journals. She had been a guest speaker at Indian Institute of Corporate Affairs\, Delhi\, a flagship institution under the Ministry of Corporate Affairs\, Government of India. \n\n\n\nShe is a member of INSOL ERA (the UK)\, American Bankruptcy Institute (the US)\, Australian Asian Lawyers’ Association (Australia)\, Australasian Law Academic Association (Australia)\, Society of Corporate Law Academics (Australia). She is co-convenor of Emerging Scholars Committee at Insolvency Law Academy (India). \n\n\n\nChair: Professor Jason Harris\, Sydney Law School \n\n\n\nMonday 3 February 2025\n\n\n\nTime: 6-7pm \n\n\n\nVenue: Level 4\, New Law Building\, Eastern Avenue\, University of Sydney\, Camperdown campus \n\n\n\nCPD Points: 1 \n\n\n\nRegister \n\n\n\nThis event is proudly hosted by the Ross Parsons Centre at the University of Sydney Law School.
URL:https://law-events.sydney.edu.au/event/ibcinnovations/
LOCATION:New Law Building (F10)
ATTACH;FMTTYPE=image/png:https://law-events.sydney.edu.au/wp-content/uploads/2025/01/insolvencybankruptcyindia.png
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