COURSE OVERVIEW
by
School of Corporate Law, IICA
1st March, 2020
• Welcome to the Learners!!
• I wish the School of Corporate Law
every success in this venture and am
positive that the participants of this
course would turn brand ambassadors
for IICA.
WELCOME!!
Dear Learners,
• On behalf of School of Corporate Law, IICA, I would like to extend a heartily welcome to
the Three Months Certificate Course in Insolvency and Bankruptcy Laws and Procedure
(online).
• This course would be run on a sophisticated online Learning Management System (LMS),
the details about which have already been e-mailed to you. LMS would be dynamic and
interactive for the participants. I am very sure that you would enjoy this new learning
environment.
• The content of the course would be uploaded to the LMS unit-wise as the course
progresses along with all relevant reference and suggested reading material/links. The
learning would therefore be spread over three months in 50+ hour sessions.
• As an enrolled participant of this course, you would be at liberty to post your queries
through LMS and e-mails. If you need an interaction over phone in relation to the
content/delivery of the course please feel free to call any of us during office hours. If you
plan to visit our state-of-the-art campus, please feel free to contact Dr. Pyla Narayana
Rao, Course Coordinator. You may also use our Knowledge Resource Center (KRC) during
your visit.
• We would endeavour to get best available faculty to take the online sessions for
various important topics of the course and would be constantly updating the contents.
• I am sure you would enjoy the learning at IICA.
SCL Team, IICA
OBJECTIVES OF THE COURSE:
At the end of this course, the learners would be able to:
• Enumerate the objectives of the Insolvency and
Bankruptcy Code
• Distinguish between the Corporate Insolvency and
Individual Bankruptcy
• Enumerate the functioning of the Regulatory Bodies under
the Code including Adjudicating Authorities
• Explain the role of various intermediaries under the Code
• Detail the Role of Insolvency Professionals and Information
Utilities
• Explain the Insolvency Resolution Process
• The course would enable the learners to take a decision as
to the future potential of this subject in their professional
career.
MODE OF DELIVERY:
• The School will conduct the Course on a dedicated
online platform via a Learning Management System
(LMS) for almost its entire duration.
• Course Material: For each Unit the copyrighted
course material and/or presentation would be
uploaded separately as per the schedule which can
be read over LMS or downloaded by the
participants, though could not be edited.
• Live Classes: Would be done as per the schedule;
the participants would be able to access the
recorded lecture for some time, if they miss the
same. However, participants are encouraged to
attend the live lectures as it would allow them to
interact with the faculty and the group.
EVALUATION AND EXAMINATIONS
• The online certificate course provides for a continuous
assessment where the learners will get an opportunity to
learn, to understand and self assess their skills and
knowledge. Thus, the learning will be holistic in nature
through scheduled live-virtual classes by the subject
matter experts for each of the 5 modules. The assessment
would be on the following parameters
• Online MCQ Examination (after end of the each module -
20 Questions x 5 = 100 nos.) = 200 marks
• Online Final Examination (at the end of the
course) Multiple Choice Questions and subjective = 300
marks
• At the end of the course the learner
would receive a certificate from IICA on
completion. Pass percentage would be
60% (including both online MCQ &
Online Final Examination)
• The Certificate would be given only after
successful completion of the course by
the learner.
TEACHING HOURS AND CONTENT:
Duration of Certificate Courses –Three Months
Conduct of the Certificate Course Hours
Orientation and Introduction 4 Hours
Virtual Class Room Interactions via LMS 45-50 hours
Total= 50 plus hours
MODULE 1
Introduction to Insolvency and Bankruptcy
Regime in India
Module 1 covers the following five units:
• Unit-1: Insolvency and Bankruptcy: Social, Legal,
Economic and Financial Perspectives
• Unit-2: Need for Insolvency and Bankruptcy Code:
Exploring the rationale and objectives
• Unit-3 Companies Act, 2013: Drawing the interface
• Unit-4: Sick Companies and Recovery of Debt
• Unit-5: Recovery of Debt from Individuals and
Enterprises other than Companies
MODULE 2
Authorities and Enforcement Mechanism in IBC
2016
Module 2 covers the following five units:
• Unit-1: Role of Adjudicating Authorities
• Unit-2: Role of the Insolvency and Bankruptcy
Board of India (IBBI)
• Unit-3: Role of Insolvency Professional Agencies
and Insolvency Professionals
• Unit-4: Role of Information Utilities
• Unit-5: Appellate Authorities and analysis of some
important cases
MODULE 3
Corporate Insolvency Resolution Process
(CIRP)
Module 3 covers the following five units:
• Unit-1:Initiating an application for Resolution and
role of Interim Resolution Professional
• Unit-2:Committee of Creditors: Powers, Duties and
Processes
• Unit-3:Information Memorandum and Resolution
plan
• Unit-4: Fast Track Resolution
• Unit-5: Cross Border Insolvency: International
Perspective
MODULE 4
Liquidation Process
Module 4 covers the following five units:
• Unit-1: Moving from Resolution to Liquidation
• Unit-2:Experiences and interface under the
Companies Act 2013
• Unit-3:Role of IPs as a liquidator and liquidation
process
• Unit-4: Liquidation Estate: Determination of
Claims
• Unit-5: Voluntary Liquidation
MODULE 5
Insolvency Resolution and Bankruptcy for
Individuals and Partnership Firms
Module 5 covers the following five units:
• Unit-1: Fresh Start Process
• Unit-2: Insolvency Resolution Process
• Unit-3: Bankruptcy Order
• Unit-4: Role of IP in managing claims and
Bankruptcy Estate
• Unit-5: Emerging Issues and Developments in law
and practice of IBC
CONTACT
• Dr. Pyla Narayan Rao, Assistant Professor/
0124 -2640088 / 7042712183
Indian Institute of Corporate Affairs (IICA) Plot
No. 6,7, 8, Sector-5, IMT Manesar, Gurgaon –
122050, Haryana : scl@iica.in
