MANU/NMIC/0303/2022

Department/Board : Insolvency and Bankruptcy Board of India

Press Release No. : IBBI/PR/2022/32

Date : 08.08.2022

IBBI and IIMB Invites Research Papers for 2nd International Research Conference on Insolvency and Bankruptcy

The Insolvency and Bankruptcy Board of India (IBBI) and Indian Institute of Management, Bangalore (IIMB) are jointly organising an international conference on insolvency and bankruptcy to promote research and discourse in the field of insolvency and bankruptcy from 23rd to 25th February, 2023.

The Insolvency and Bankruptcy Code, 2016 (Code / IBC) is a landmark legislation that has had an exceptional journey, reforming and strengthening the insolvency and bankruptcy regime in India. It has created an environment that encourages entrepreneurship and is conducive to appropriate risk taking. Starting from the implementation of the Code, setting up of new organisation and complete infrastructure to handle insolvency activities, the Indian regulatory environment for insolvency and bankruptcy of corporates, has witnessed a remarkable transition from an archaic resolution and liquidation process to a modern one attempting and facilitating faster resolution of distressed companies and assets.

There is now a growing body of literature that aims to address the gaps in theoretical aspects of the insolvency law and its practice and impact on the ground. Deep research can bring together evidence to support policy makers in achieving real world outcomes. To promote research and discourse in the field of insolvency and bankruptcy, the three-day international research conference to be held by IBBI and IIMB, calls upon academics & researchers, lawyers, economists, regulators, to submit research proposals. This conference is an opportunity to understand the importance and impact of IBC in its totality through the multidisciplinary research papers.

Releasing the Brochure of the conference, Chairperson, IBBI mentioned that evidentiary or research-based foundations for policy making, devoid of discretion, fosters transparency and help in bringing complete harmony between policy initiatives and market expectations. To bridge the gap between theory and practice, it is important to analyse the practical cases and examine the need to make changes in theory. In an evolving area of insolvency and bankruptcy, there is a need to analyse literature and market information to inform future policy making. Advancing the ongoing efforts of IBBI, the international research conference organised in collaboration with IIMB which houses unparalleled faculties and scholarships, will attract wide interest from students and experts in the field of insolvency and bankruptcy. The academic rigour of the papers presented at the conference will offer new insights and analysis that will shape the future course of policy making. The brochure can be accessed on IBBI's website.

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