Asian Law College, Noida organized the Legal Lecture Series, Season 8 on April 9th, 2024 for the students of B.A. LL.B. and LL.B. courses on the Insolvency Regime in India, featuring Ms. Anuja Pethia, the standing counsel of the Income Tax Department, AOR, Supreme Court of India as a keynote speaker. The lecture aimed to delve into the intricacies of the Insolvency and Bankruptcy Code (IBC) introduced in 2016, which has revolutionized the approach to resolving distressed organizations in India. The session provided a historical backdrop and highlighted recent amendments to the insolvency regime, emphasizing its role in fostering entrepreneurship, facilitating loan availability, and bolstering economic growth.
The session commenced with a warm welcome from Mr. Ashish Bhardawaj, Assistant Dean of ALC, extending gratitude to the esteemed speaker, Ms. Anuja Pethia. The lecture was structured to provide a comprehensive understanding of the legal framework governing insolvency and bankruptcy, with a focus on practical implications for stakeholders such as creditors, debtors, and insolvency professionals. It was an interactive session featuring case studies and mock scenarios facilitated lively discussions among participants, enabling them to analyze recent landmark cases and emerging trends in the field. Through these discussions, attendees gained valuable insights into the nuances of insolvency proceedings, corporate restructuring, and debt recovery strategies.
The session concluded with an expression of gratitude by Ms. Divyasha Dubey, B.A. LL.B. Program Chair to Ms. Anuja Pethia for sharing her expertise and insights, acknowledging the invaluable contribution to the students’ understanding of the insolvency landscape in India. It served as a platform for law students to deepen their understanding of the evolving insolvency legislation in India and its practical implications. By fostering dialogue and interaction, the event facilitated the exchange of ideas and perspectives, enriching the participants’ knowledge and preparing them to navigate the complexities of insolvency law in their future careers.
