
                                                                                                                    <p>The Insolvency and Bankruptcy Code (IBC) had been implemented with a view to consolidating Insolvency &amp; Bankruptcy Laws and addressing NPA issues affecting the economy and over the past few years, the code has helped improve the governance framework, the result of which has been the improvement in India&rsquo;s Ease of Doing Business ranking. Recently hon&rsquo;ble Supreme Court has taken landmark decision to allow lenders initiate insolvency proceedings against personal guarantors, who are usually promoters of big business houses, along with the stressed corporate entities for whom they gave guarantee. As per the apex court there was an &ldquo;intrinsic connection&rdquo; between personal guarantors and their corporate debtors.</p>
 <p>The Insolvency &amp; Bankruptcy Code (Amendment) Ordinance, 2021 aims to provide an efficient alternative insolvency resolution framework for corporate persons classified as Micro, Small and Medium Enterprises (MSMEs) under the Code, for ensuring quicker, cost-effective and value maximizing outcomes for all the stakeholders for the core revival of MSMEs.</p>
<p>We would like to inform you that CRISIL has confirmed as Knowledge Partner for this initiative.</p>
 <p>Keeping the view of the above the ASSOCHAM National Council for Insolvency and Bankruptcy Code &amp; Valuation is organizing series of programmes on Insolvency and Bankruptcy Code &amp; Valuation on the following.</p>
 <p>In this connection, on behalf of the ASSOCHAM National Council for Insolvency &amp; Bankruptcy Code and Valuation we would like to take this opportunity to cordially invite you as an Eminent Speaker for this timely and meaningful series of discussion and request your esteemed organization to kindly extend nominal financial support as per enclosed flyer for the ASSOCHAM National E-Summit Series on Insolvency &amp; Bankruptcy Code and Valuation.</p>