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We need quality lawyers: Dr. V. R. Badrinanth Nandula

A Two-Day Program on "Resolution Plan (RP): Drafting, Negotiation, and Challenges" organized by FTCCI in collaboration with Indian Institute of Corporate Affairs (IICA) concluded at FTCCI Surana Auditorium, Red Hills, Hyderabad on Saturday.

Dr. VR Badrinath Nandula, Judicial Member, National Company Law Tribunal (NCLT), Hyderabad, Meela Jayadev, President of FTCCI were chief guests; and Dr. Pyla Narayana Rao, Associate Professor, IICA, New Delhi; Suresh Singhal and Ravi Kumar, Vice Presidents of FTCCI; Naresh Chandra Gelli, Ritesh Mittal, FTCCI Committee Chair and Co-chair graced at the closing ceremony.

Addressing the participants on a lighter note Dr. V R Badrinath Nandula said there are two types of judges —one who knows the law and the other who knows the Law Minister.

Unlike the popular perception that a judge’s job is easy, but, in reality, it is tough, as we need to create a fine balance. We can’t take sides. We give judgements according to the law and the facts and cases presented before us, he said.

However, Judges’ jobs can be made easier by a good lawyer by presenting his case well. When a lawyer presents the case, the listener, i.e. the judge must get clarity about the case. Clarity is the hallmark of good presentation, which is the basis for judgment, said Dr VR Badrinath Nandula.

He wished would-be lawyers to see them as practitioners before NCLT. Make a mark, he told them. We need quality lawyers. And you should fill the gap, he added.

The program was organised in collaboration with the prestigious Indian Institute of Corporate Affairs (IICA). The Indian Institute of Corporate Affairs (IICA) is a society, an autonomous institute, that works under the aegis of the Ministry of Corporate Affairs, Government of India.

It was organized with Credit Hours as per the Insolvency and Bankruptcy Board of India -IBBI (Continuing Professional Education for Institutions Insolvency Professionals) Guidelines 2019.

The program was held for two full days on Friday and Saturday.

It was organized by Corporate Laws, IBC (Insolvency and Bankruptcy Code) & ADR (Alternative Dispute Resolution) Committee to sensitize the existing and Prospective IPs (Insolvency Professionals) on the concept of RP and associated legal issues and challenges including the drafting, negotiation, execution and approval of RP.

The program saw 50 participants-- LL.M students in Insolvency and Bankruptcy Laws from NALSAR, Insolvency Professionals, Academia, Lawyers and Resolution Applicants.

The program covered the contents, drafting, negotiation, execution and approval of the resolution plan under IBC. It also covered the case studies on successful resolution plans under IBC besides addressing the issues, challenges and emerging trends about the resolution plans and IBC

Prominent professionals Dr Pyla Narayana Rao, Associate Professor, IICA (Indian Institute of Corporate Affairs); Prakul Thadi, Insolvency Professionals, Hyderabad; Subodh Kumar Agarwal, Insolvency Professional, Kolkata; Bedi Raviteja, Advocate, Designated Partner, VIRA Legal LLP.

The Participants were given away certificates.

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