Excelsior Correspondent
JAMMU, Jan 28: Member (J), National Company Law Tribunal, Rohit Kapoor delivered inaugural address in the seminar on `Insolvency and Bankruptcy Code’, organized by Committee on Insolvency & Bankruptcy Code of the Institute of Chartered Accountants of India (ICAI), in association with Indian Institute of Insolvency Professionals (IIIP) of ICAI.
Rohit Kapoor was chief guest in the seminar, which was hosted by Jammu and Kashmir Branch of NIRC, ICAI. CA Subodh Kumar Agrawal, past President, ICAI & Insolvency Professional and CA Sumit Bansal, Insolvency Professional were the guest speakers on the occasion.
In the first Technical Session, CA Subodh Kumar Agrawal discussed the basics of IBC, CIRP process. He also highlighted its impact on Financial Statements.
In the Second Technical Session, CA Sumit Bansal discussed on Liquidation- Security Interest and Waterfall Distribution- Priority payment like PF, ESIC, Gratuity, etc. He also discussed important judgments under Insolvency & Bankruptcy Code (IBC).
Both the guest speakers addressed the queries raised by the members during the seminar.
CA Vikas Purdhani, Vice-Chairman of the branch, deliberated on certain issues of professional importance. CA. Vineet Kohli, Secretary of the Branch, conducted the proceedings.
CA Sourav Pargal, Executive Member, presented the formal vote of thanks and CA Ayush Sawhney, Treasurer, along with a large number of Chartered Accountants, Company Secretary, Advocates and Bank Officials were present on the occasion.
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