Diploma in Insolvency and Bankruptcy: Law, Practice, Regulations

Course Director: Dr. Risham Garg

Associate Professor of Law, Executive Director, Centre for Transnational Commercial Law, National Law University Delhi

Pedagogy

Flipped Learning with online live lectures, e-text and reading material will be provided.

About the course

The Centre for Transnational Commercial Law (CTCL) invites applications for its flagship Diploma in "Insolvency and Bankruptcy: Law, Practice, Regulations" (DIB).

This course aims to provide an exposure and in-depth understanding of the law, practice, regulations of the Insolvency and Bankruptcy Code, 2016, to Government officials, policy makers, working professionals, practitioners in legal, secretarial, accountancy, academics, researchers. The course focuses on juxtaposition of the practical aspects, legal principles and propositions within the realm of business, entrepreneurship with development of a cumulative and comprehensive understanding of insolvency laws. The course also aims to acquaint and equip the participants with the practical skills relevant to insolvency laws in the courts, tribunals in India along with the requisite negotiation and problem-solving skills.

Course Objectives and Learning Outcomes

To facilitate the participants with an in-depth understanding and hands-on approach in relation to the legal and practical aspects of insolvency and bankruptcy.

Aims to discuss clear, coherent, efficient process for early identification of financial distress and resolution.

Seeks to impart skills required to practice insolvency law with effective draftings, pleadings and negotiations with parties by providing a comprehensive and holistic outlook.

Encouraging the participants to engage in critical scholarship on issues of law and policy.

To attain a sound understanding of best practices in the fields of legal and professional ethics.

Course Details

Course Duration and Structure
The course shall be conducted over a period of twelve months. The online contact classes for each of the six modules will be conducted regularly on Sundays. Participants shall be expected to undertake the readings, assignments and assessments through the course in accordance with the academic timeline.
Pedagogy
The method of teaching shall be of blended nature with online live lectures and content. The course shall employ flipped learning pedagogy involving the 5-quadrant approach with live lectures, discussion forum or asynchronous mentoring, recorded audio and video, e-learning material and self-study hours including assessment. Majority of lectures shall be delivered by leading industry practitioners (around 2/3rd).
The emphasis shall be on conceptual clarity of the participants through updated content, engaging in contemporary issues and case-studies, followed with appropriate evaluation pattern comprising of case-studies, continuous and summative assessments.
Layout of the Course
The course is divided into three sub-courses or themes covered in 6 modules for a total of 32 credits. These sub-courses may also be undertaken individually by the participants:

Course Outline

Sub-course code B – Corporate Insolvency: Law, Practice, Regulations (CILPR)
- Module I – Introduction to Insolvency and Bankruptcy Regime
- Module II – Corporate Insolvency Resolution Process
- Module III – Corporate Liquidation Process
- Module IV – Developing Skill Sets for Insolvency Practitioners
Sub-course code C – Groups and Cross-Border Insolvency Law (GCBI)
- Module V – Chief concepts and key cases related to Cross-Border Insolvency (N.B. wrt applicable law or existing draft as on date of the course)
Sub-course code D – Insolvency of Individuals Including Guarantors (IBIG)
- Module VI – Chief concepts related to Insolvency of individuals including guarantors, non-corporate partnership firms.
Course Introductory Videos
A. Diploma in Insolvency and Bankruptcy: Law, Practice, Regulations (Code A); 12 Months/ 32 credits, entitles successful participants to a Diploma (comprises of sub-courses B, C, D)
Introductory Video on the Diploma in Insolvency and Bankruptcy course by Dr. M. S. Sahoo (former Chairperson, IBBI, former Distinguished Professor, NLUD): - https://drive.google.com/file/d/19Z4kOiTSyaRdfVew2MJ3m3nHPyQIo3R7/view?usp=sharing
Introductory Video on the Diploma in Insolvency and Bankruptcy course by Course Director Dr. Risham Garg: - https://drive.google.com/file/d/1iAAW27O5J_R7o_erT7LR8l0Moe5sOdfK/view?usp=sharing
B. The First Sub-Course (Code-B, 6 months/20 credits) – Corporate Insolvency: Law, Practice, Regulations (CILPR) – covers introduction to insolvency and bankruptcy regime followed with corporate insolvency resolution process (CIRP), corporate liquidation process, with relevant regulations along with development of skill sets for insolvency practitioners.
C. The Second Sub-Course (Code-C, 3 months/6 credits) – Groups and Cross-Border Insolvency Law (GCBI) – covers cross-border insolvency focussing on chief concepts and key case laws.
Introductory Video on Cross-Border Insolvency by Course Mentor Professor M. S. Sahoo: https://drive.google.com/file/d/1fNKHrlZVns7HOLkYG_cmIwxpD1wxFKcS/view?usp=sharing Introductory Video on Cross-Border Insolvency by Course Director Dr. Risham Garg: - https://drive.google.com/file/d/16BYG7ZHFW-h2tb-S1HT8-hPtbrKkaN2E/view?usp=sharing
D. The Third Sub-Course (Code-D, 3 months/6 credits) – Insolvency and Bankruptcy of Individuals including Guarantors (IBIG) – covers the law and regulations related to insolvency of individuals including guarantors and partnership firms with emphasis on chief concepts and key case laws in the field.
Introductory Video on Bankruptcy module by Dr. M. S. Sahoo: https://drive.google.com/file/d/1kNjlBJLKirTOEuuv9R3qlUSf55fTuhai/view?usp=sharing Introductory Video on Bankruptcy module by Course Director Dr. Risham Garg, https://drive.google.com/file/d/1BFkeGBQfdZ-5PnMkZ2ptgu_Uo8JhK2RN/view?usp=sharing
Assessment/Evaluation
Participants shall be graded basis their participation in the sessions and their performance in assessments, including the final assessment, in accordance with UGC/NLUD norms.
Diploma /Certificate
Diploma/ Certificate shall be awarded by the National Law University Delhi, upon candidate successfully complying with all the course requisites: attended 75% of the sessions, must have attained a minimum score of 50% for the assessments. Participants enrolling in the 12-month course (course code A) shall be awarded Diploma in Insolvency and Bankruptcy; or they may choose any of the Modules B, C, D that shall entitle them to award of certificate.

Course Director: Dr. Risham Garg

Associate Professor of Law, Director, Centre for Transnational Commercial Law, National Law University Delhi

Target Participants

Government officials in the areas of tax, revenue, law, business, economic policy
In-house counsel of PSUs
Working Professionals like CA, CS, CMA, MBA, Bankers, Insolvency Practitioners, Consultants, Lawyers, Stakeholders like Creditors and Corporate Debtors.
Academics in law, finance, economics, business and management studies or any other related discipline
Students pursuing post-graduate and doctoral courses in law or any related discipline
Students pursuing graduate/under-graduate law course, must be studying in the 3rd year of a 3-year LLB degree course, or the 4th/5th year of a 5-year integrated BA.LLB/BBA.LLB/B.Com.LLB/ B.Sc.LLB).

Duration of the Course: August 2024 to July 2025 (12 months)

Schedule of the Course

Course Code A, B – August 2024 to January 2025
Course Code C – February 2025 to April 2025
Course Code D – May 2025 to July 2025

Course Fee

Course Code	Course Description and abbreviation	Duration	Fee (Rs.)
A	Diploma in Insolvency and Bankruptcy: Law, Practice, Regulations (DIB)	12 Months	1,00,000
B	Corporate Insolvency: Law, Practice, Regulations (CILPR)	6 Months	60,000
C	Groups and Cross-Border Insolvency Law (GCBI)	3 Months	30,000
D	Insolvency and Bankruptcy of Individuals including Guarantors, (IBIG)	3 Months	30,000

For further queries, please email at cirp@nludelhi.ac.in with the subject line ‘Diploma in Insolvency and Bankruptcy: Law, Practice, Regulations’, or the relevant course code.