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.

1.     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.

2.     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 2/3^rd).

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.

3.     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:

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 Course Mentor Professor M. S. Sahoo: –

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

The First Sub-Course (Code-B, 6 months) – 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.

The Second Sub-Course (Code-C, 3 months) – Cross-Border Insolvency Rules and Regulations (CBIRR) – 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

The Third Sub-Course (Code-D, 3 months) – Insolvency of Individuals including Guarantors and Partnership Firms (BIGP) – 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 Course Mentor Professor M. S. Sahoo:

https://drive.google.com/file/d/1kNjlBJLKirTOEuuv9R3qlUSf55fTuhai/view?usp=sharing

Introductory Video by Course Director Dr. Risham Garg,

https://drive.google.com/file/d/1BFkeGBQfdZ-5PnMkZ2ptgu_Uo8JhK2RN/view?usp=sharing

4.     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.

5.     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 Outline

1.     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 – Skill Sets for Insolvency Practice

2.     Sub-course code C – Cross-Border Insolvency Rules and Regulations (CBIRR)

• 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)

3.     Sub-course code D – Insolvency of Individuals Including Guarantors and Partnership Firms (BIGP)

• Module VI – Chief concepts related to Insolvency of individuals including guarantors, non-corporate partnership firms. (N.B. wrt applicable law/existing draft as on date).

Course Mentor: Professor M. S. Sahoo

Former Chairperson, Insolvency and Bankruptcy Board of India, Distinguished Professor, National Law University Delhi

Course Director: Dr. Risham Garg

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