Tag : entry

New Delhi (The Hawk): To mark a befitting conclusion of the celebrations across 75 locations spread throughout the country, Insolvency & Bankruptcy Board of India (IBBI) organised a one day long iconic event at the Habitat Centre, here today, to trace the journey of reforms in the said three stages of a business. Hon’ble Justice Ashok Bhushan Chairperson, National Company Law Appellate Tribunal graced the occasion as Chief Guest. Shri Rajesh Verma, Secretary, Ministry of Corporate Affairs; and Shri Ashok Kumar Gupta, Chairperson, Competition Commission of India attended the event as Guests of Honour. The Conference was followed by a half day Insolvency Professionals Conclave. Mr. Ravi Mital, Chairperson, IBBI delivered the welcome address. Hon’ble Justice Ashok Bhushan, Chairperson, National Company Law Appellate Tribunal in his address as Chief Guest deliberated on the journey of economic reforms by noting evolution from risk averse nature of society to reduced stigma for failure. He stated that earlier the individuals looked primarily for employment stability, but the outlook towards entrepreneurship has improved significantly with reforms. Shri Rajesh Verma, Secretary, Ministry of Corporate Affairs lauded the achievements of the Code and initiatives undertaken by IBBI under the Azadi Ka Amrit Mahotsav. He stated that future reforms including cross border insolvency framework are on anvil and will be introduced soon. He discussed the role of IBC in the context of corporate governance and economic reforms, that has promoted entrepreneurship in the Country. Mr. Ashok Kumar Gupta, Chairperson, CCI while addressing participants dwelt upon the interplay between insolvency law and competition law. He highlighted the economic reforms rel ...