Inaugral Session by
Mr A.S. Chandhiok,
President of INSOL
Board, Designated
Senior Advocate.

Valedictory Session by
Hon’ble Justice Arjan
Kumar Sikri, Supreme
Court Of India.

BRICS Chamber of Commerce and Industry (BRICS-CCI) organized the conference on
The Insolvency & Bankruptcy Code 2016. Commenced by the welcome address by Dr. BBL
Madhukar, Secretary General, BRICS-CCI and Mr. Aashish Verma, Director, Achromic Point, the
agenda behind this event was to conduct an integrated discussion and imparting knowledge
on IBC. Mr. A.S. Chandhiok, President of INSOL Board, Designated Senior Advocate, headed the
inaugural session. Dr. BBL Madhukar Secretary General, BRICS-CC, expressed his views how
bankers have to face the pain as they lend the money but are not able to restore the same and
stakeholders become worse-off. Mr. Pulkit Gupta, Director of Restructuring and Turnaround services
extensively discussed about the contentiousissues under IBC 2016. Mr. Sajeve Deora, Directorof Integrated Capital Services spoke about the liquidation process. His points of discussion
covered the well defined waterfall mechanism. Hon’ble Mr. Justice Arjan Kumar Sikri, Supreme
Court of India, Very eloquently expressed his views about the elements (efficiency, predictability and
transparency) and the importance of balance between the creditor’s rights and rehabilitation of the insolvent Company.