IICA hosts important session on ‘IBC as an Evolving Law Through the Amendments’,.
The Indian Institute of Corporate Affairs (IICA) hosted a session titled "IBC as an Evolving Law Through the Amendments" under its "Meet the Legend" programme. Dr. M. S. Sahoo, former Chairperson of IBBI, led the session to discuss the evolution of the Insolvency and Bankruptcy Code through regulatory developments and amendments.
Why It Matters
This covers updates related to the Insolvency and Bankruptcy Code (IBC) and bodies like IICA and IBBI, which may be relevant for competitive exams covering economic laws and governance.
In Simple Words
The Indian Institute of Corporate Affairs (IICA) in Manesar held a session called “IBC as an Evolving Law Through the Amendments” under the “Meet the Legend” programme. Dr. M. S. Sahoo, the former Chairperson of the Insolvency and Bankruptcy Board of India (IBBI), was the featured speaker.
During the session, Dr. Sahoo discussed how economic laws like the IBC must continually change to match shifting market realities. He noted that markets move faster than litigation, making subordinate legislation crucial for handling practical challenges and emerging situations in the insolvency framework.
Key Points
- The event was hosted by the Indian Institute of Corporate Affairs (IICA), Manesar.
- It was held under the "Meet the Legend" programme.
- The session title was “IBC as an Evolving Law Through the Amendments”.
- The featured speaker was Dr. M. S. Sahoo, former Chairperson of the Insolvency and Bankruptcy Board of India (IBBI).
- Shri Gyaneshwar Kumar Singh is the DG CEO of IICA.
- Dr. Sahoo discussed the concept of experimentation in economic laws.
- The session provided PGIP participants with insights into insolvency law.
Exam Angle
A. Dr. M. S. Sahoo, former Chairperson of the Insolvency and Bankruptcy Board of India (IBBI)
Source: Press Information Bureau