IBC @ Crossroads: A Decade of Evolution, The Road Ahead

Kolkata (West Bengal) [India], August 24: A conclave on the Insolvency and Bankruptcy Code, 2016, themed “IBC @ Crossroads: A Decade of Evolution, The Road Ahead”, was successfully organised on 8 August 2026 at The Park, Kolkata, under the Views Exchange series GYAN GANGA. The Conclave brought together leading stakeholders from across the insolvency ecosystem to reflect on the decade-long journey of the Code and deliberate upon emerging challenges, evolving practices and the road ahead. The programme was organised by Views Exchange and the Insolvency Professional Agency of the Institute of Cost Accountants of India (IPA-ICMAI), with the support of the Insolvency and Bankruptcy Board of India (IBBI). The event was held under the leadership and guidance of CA (IP) Nitin Daga, Chairperson, IBC Committee, Views Exchange; CA IP Binay Kumar Singhania, President, Views Exchange; Mr. Vinay Kumar Sanduja, Managing Director, IPA-ICMAI; and CA IP Kamal Nayan Jain, Director, IPA-ICMAI. The Conclave witnessed participation of more than 150 delegates from across the country, comprising insolvency professionals, members of the judiciary, regulators, bankers, legal practitioners, industry representatives and other stakeholders. The event was honoured by the presence of Shri Ravi Mital, Chairperson, IBBI, as the Chief Guest, and Shri Niraj Kumar Panda, Deputy Managing Director, Stressed Assets Resolution Group (SARG), State Bank of India, as the Guest of Honour. The Conclave also featured an insightful session by Smt. Bidisha Banerjee, Hon’ble Member (Judicial) and HOD, NCLT Kolkata, titled “Insights from the Bench: A Fireside Chat.” The session offered an invaluable judicial perspective on the practical dimensions of the Code and provided meaningful insights into the adjudicatory process. A key highlight of the Conclave was the opportunity for Insolvency Professionals and other stakeholders to interact directly with Shri Ravi Mital, Chairperson, IBBI, and exchange views on the evolving insolvency landscape. The interaction provided valuable regulatory perspectives and enabled meaningful discussion on practical issues and the future direction of the insolvency ecosystem. Shri Niraj Kumar Panda, DMD, SARG, State Bank of India, brought an important banking and institutional perspective to the deliberations. As India’s leading bank, State Bank of India has a significant role in the credit, stressed assets and resolution landscape, making his participation particularly relevant to the discussions. The programme featured a series of expert-led sessions covering several contemporary and emerging areas of insolvency law and practice, including Amendments to the Insolvency and Bankruptcy Code, 2016; Interactive FAQ Session; Asset Tracing and Recovery – Use of AI in Insolvency; Insights from the Bench; Intricacies of Resolution Plans and their Tax Implications; Liquidation Process under the Current Scenario and Recent Judgments; and a Stakeholders’ Panel Discussion. The Conclave brought together an eminent panel of speakers and facilitators, including Mr. Jithesh John, Executive Director, IBBI; Mr. Vinay Kumar Sanduja, Managing Director, IPA-ICMAI;Mr. Raghav Maheshwari, Assistant General Manager, IBBI;Mr. Maheshwar Narain Prasad, General Manager, SAMRO, SBI; CA IP RavindraBeleyur, Insolvency Practitioner; CS Vinod Kothari, Founder, Vinod Kothari Consultants; CA IP Bijay Murmuria, Director, Sumedha Fiscal Services Limited; CA IP PratimBayal, Insolvency Practitioner; CA Aditya Hans, Partner, Dhruva Advisors;CS (Dr.) IP Mamta Binani, Former President, ICSI; Adv. Vipul Jai, Partner, PSL Law Chambers, among others.

The deliberations throughout the Conclave highlighted the importance of continuous regulatory and institutional strengthening, technological innovation, stakeholder coordination, efficient resolution mechanisms, and value maximisation in the next phase of the IBC journey. The organisers placed on record their sincere gratitude to IBBI, IPA-ICMAI, Views Exchange, Chief Guest, Guest of Honour, distinguished dignitaries, speakers, panelists, sponsors, delegates, volunteers, associates and the entire organising team for their trust, support and association with the Conclave. The Conclave was organised and supported by a dedicated team of professionals, including Mr. Binay Kumar Singhania, President, Views Exchange; Mr. Vinay Kumar Sanduja, Managing Director, IPA-ICMAI; CA Chandra Bhanu Sinha, Secretary, Views Exchange; CA (IP) Nitin Daga, Chairperson, IBC Committee, Views Exchange; Ms. Karishma Rishabh Varshney; Mr. Ayush Goel; CA Anshika Khaitan; CA (IP) Rashmi Chhawchharia; Adv. Tannya Baranwal; Mr. Sandip Singh, IP; andCA IP Umesh Poddar, whose valuable contribution and tireless efforts played an important role in the successful conduct of the event. As the Insolvency and Bankruptcy Code steps into its 10th year, the Conclave provided a meaningful platform to reflect on the transformative journey of the Code, the progress achieved so far, and the challenges and opportunities that lie ahead. The deliberations also examined the evolving regulatory and legislative framework, including key amendments to the Code and their impact on insolvency proceedings, resolution timelines, stakeholder interests and value maximisation. The discussions underscored the need for continued reforms, effective implementation, institutional strengthening, greater stakeholder collaboration and adoption of technology to build a more efficient, responsive, resilient and future-ready insolvency ecosystem in India.

About Views Exchange

॥ Satyam GyanamAnantam॥ Established in 1992, Views Exchange is dedicated to meaningful dialogue and the exchange of perspectives on issues of professional, regulatory, legal and economic significance. Over three decades it has grown into a community of more than 700 professional members. The guiding philosophy of Views Exchange is expressed in its motto,— Satyam GyanamAnantam: truth is knowledge, and knowledge is infinite. Knowledge must rest on truth — an opinion, however confidently held, is not knowledge until tested. Second, Knowledge has no boundary and no final owner. The theme Gyan Ganga, carries that thought into practice — the flow of knowledge, likened to the Ganga. The river gathers strength from every stream it meets and gives back to every community along its banks, belonging to none and serving all. Knowledge behaves the same way: it grows richer the further it travels and the more freely it is shared, it deepens. Under the stewardship of its President, CA IP Binay Kumar Singhania, Views Exchange conducts two physical seminars every month, sustaining a continuous calendar of learning. Carrying Gyan Ganga beyond the seminar hall, it has established a Fund for Professional Education for students pursuing professional courses — knowledge reaching those not yet able to pay for it — with an initial contribution of ₹1 million by the President, supported by the Singhania Foundation.

About IPA-ICMAI

The Insolvency Professional Agency of the Institute of Cost Accountants of India (IPA-ICMAI) supports the development of the insolvency profession and promotes professional standards, knowledge and capacity building among Insolvency Professionals. For Further Information / Media Queries Views Exchange; eventsviewsexchange@gmail.com Kolkata, West Bengal If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

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