07th March, 2024 The Insolvency and Bankruptcy Board of India associates with GNLU for organising National Mock CIRP competition from 04th April 2024 to 06th April 2024 in Gujarat National Law University (3.45 MB)

GUJARAT NATIONAL LAW UNIVERSITY 04th -06th April, 2024 1 EDITION OF GCCIL- IBBI NATIONAL MOCK- CIRP COMPETITION, 2024 st KNOWLEDGE PARTNER

Gujarat National Law University (GNLU) is a statutory University established by the Government of Gujarat through Gujarat National Law University Act, 2003. GNLU is recognised by the Bar Council of India (BCI) and the University Grants Commission (UGC). GNLU is a member of the Association of Indian Universities (AIU); the United Nations Academic Impact (UNAI); and, the International Association of Law Schools (IALS). GNLU offers interdisciplinary legal courses in five faculties namely, BA LLB, BCOM LLB, BSC LLB, BSW LLB, BBA LLB; one post-graduate programme namely, LLM as well as doctoral programmes in law and interdisciplinary fields. GNLU also offers PhD in Economics. This course is offered with an interdisciplinary study with law. GNLU has been ranked 7th best law school in the country in the National Institutional Ranking Framework (NIRF) Ranking 2023 released by the Ministry of Human Resource Development, Government of India. The Insolvency and Bankruptcy Board of India was established on 1st October, 2016 under the Insolvency and Bankruptcy Code, 2016 (Code). It is a key pillar o f the ecosystem responsible for implementation of the Code that consolidates a nd amends the laws relating to reorganization and insolvency resolution of corpor ate perso ns, partners hip fi rms and individu als i n a t ime bo und man ner for maximization of the value of assets of such persons, to promote entrepreneur ship, availability of credit and balance the interests of all the stakeholders. It is a unique regulator: regulates a profession as well as processes. It has regulatory ov ersight over the Insolvency Professionals, Insolvency Professional Agencies, In solvency Prof essional Enti ties and Inf ormation Ut ili ties. I t wr ites and enforc es rules for p rocesses , namely, corporate i nsolvency re solution, corporate li quidation, individual insolvency reso lution and individual bankru ptcy under t he C ode. It h as re cently bee n tasked to promote the deve lopm ent of, an d r egulate, the working a nd p ractices of , insolvency pr ofessionals , insolvency professi onal agencies an d informat ion utilit ies and other ins titutions, i n f urt herance o f t he p urpose s o f th e Cod e. It has also b een des ignated as t he ‘Au tho rity’ unde r the Compan ies (Reg iste red Valuer s and Va luati on R ules), 2017 for regulation and development of the profession of valuers in the country. ABOUT IBBI: ABOUT GNLU:

The GNLU Centre for Corporate and Competition Law was established on 13th October 2012 by Hon'ble Mr Justice K. A. Puj, Former Judge of the High Cour t o f Gujarat , wit h multipl e objective s an d endeavour s t o ac t a s a platfor m f or expandi ng t he sco pe a nd horiz on of corpora te a nd competiti on l aw thro ugh multidimensional research activities and publications. With the introductio n of the Insolv ency and Bankru ptcy C ode, 2 016, the Ce ntre for Corpo rat e and Compet itio n La w has been re nam ed as 'GNLU C entr e for Corp ora te and Inso lvenc y Law' ( GCCIL ) with effec t fro m 30th J anuary 20 20. As one of the centres of excellence of GNLU Gandhinagar, one of the premier Nati onal Law Universities in India, the GCCIL was founded to conduct cutting-edge res earch and a ctivi ties t hat woul d br oaden the focus an d h orizon of Cor porate and Inso lvency La w re search and pu blicat ion. Since its ince ption, the Cent re has been a fo reru nner i n t he field of r esearch an d tr aining. Th e Centre h as organ ised sever al resear ch, training a nd extensio n a ctiv ities in the field of Corporate, Competition and Insolvency laws. ABOUT THE COMPETITION: GCCIL in collaboration with IBBI is organising 1 Ed. of ‘GCCIL-IBBI NATIONAL MOCK-CORPORATE INSOLVENCY RESOLUTIO N PROCESS (CIRP) COMPETITION, 2024’ with an aim to inculcate procedur al understandi ng of CI RP und er IBC-20 16 a nd ma ke studen ts awa re w ith resolut ion proc ess un der I BC. Stude nts w ill brainst orm and ch alk out resolu tion p lans f or a distre ssed de btor conside ring the financ ial, eco nomic and legal aspects & present it in front of a Committee of Creditors ( CoC) & NCLT (Artificial), which will, by vote decide the fate of the debtor. ABOUT GCCIL: st

Inauguration of the Competition Preliminary Round Advanced Rounds 04th April , 2024 05th April , 2024 06th April, 2024 TIMELINE: IMPORTANT DATES: Last date for registration of Teams: 08th March, 2024 Release of Problem (only to registered teams): 11th March, 2024 Last date to apply for Clarifications: 18th March, 2024 Submission of CIRP DOSSIER & Resolution Plan: 31st March, 2024 March, 2024 REGISTRATION FEE: INR 5,000 per team (Including accomodation on sharing basis and food). STEPS TO REGISTER & MAKE PAYMENT OF REGISTRATION FEE: The interested participants can register for the Competition by Clicking here or Scanning QR Code for registration.The interested participants can register for the Competition by Clicking here or Scanning QR Code for registration. . Click here or Scan QR Code for payment to be redirected to payment portal. 2. Select ‘1st GCCIL-IBBI National Mock-CIRP Competition, 2024’ in ‘Event Name’ . 3. Fill in all the details and make the payment. 4. Post payment, upload the payment receipt in the registration form. 5. Scan for Registration Scan for Payment

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For any query, email us at gccil@gnlu.ac.in or contact the following: Mr. Govinda Asawa (Coordinator): 7721889799 Mr. Kumar Kanishk Sinha (Coordinator): 6388972888 Mr. Sahsransh Pandey (Coordinator): 8299772242 CONTACT DETAILS: Contact Timing:- 3:00 PM- 5:00 PM Click here to know more about us. CASH PRIZES: Best Team: 25000 INR Runners-up: 20000 INR Best Resolution Professional (RP): 10000 INR Best Interim Resolution Professional (IRP): 10000 INR Best CIRP Dossier & Resolution Plan: 5000 INR GUIDELINES: Refer guidelines for more information about the Competition. Scan for guidelines