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IBBI organises ToT programme for insolvency professionals

In collaboration with the Indian Banks’ Association (IBA), the Insolvency and Bankruptcy Board of India (IBBI) organised a series of four webinars on the topic ‘Registered Valuers Ecosystem and Valuation Profession.’  The webinars were intended to apprise the financial institutions, as key stakeholders in the IBC and valuation ecosystem, of the new regulatory regime brought out by the Companies (Registered Valuers and Valuation) Rules, 2017. Over 140 officers from 25 banks and financial institutions from across the country attended and benefited from the webinars.

In addition, the IBBI, in partnership with the Foreign Commonwealth and Development Office, UK (FCDO), organised an online two-day ‘Train the Trainer’ event on ‘Usage of Alternate Dispute Resolution Techniques to aid the Insolvency Resolution Process.’ The initiative is expected to upgrade the skill sets of the participants, enabling them to act as trainers for insolvency professionals and other stakeholders, thereby strengthening India’s insolvency ecosystem.

Dr Mukulita Vijayawargiya, Whole Time Member, IBBI, highlighted the benefits of ADR techniques over litigation and discussed various aspects of insolvency law where ADR techniques may be used for better and faster outcomes.

As many as 45 insolvency professionals participated in the programme. Andrew Miller (QC, United Kingdom), Stefano Cardinale (Italy), Anuroop Omkar and Kritika Krishnamurthy (Bridge Policy Think Tank), were among the distinguished faculty members.

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