INSOL India

INSOL India
INSOL India

INSOL India is an independent leadership body representing professionals specialising in restructuring, insolvency, turnaround and related areas. Established in 1997, INSOL India has completed 23 years as thought leader of the insolvency industry. The organisation went through a major restructuring in June 2016 just after the Insolvency and Bankruptcy Code came into being in May 2016. Its vision, mission and goals were re-chalked. With a new governing structure, and membership criteria redefined to widen the horizon of insolvency practice in the country, INSOL India is well grounded as a thought leader. Its Special Interest Group (SIG 24) is one of a kind in playing a very proactive role in establishing a robust insolvency regime. INSOL India has assisted and is assisting future reforms/amendments in insolvency law and practice in relation to cross-border insolvency and personal insolvencies. Many developments have taken place since the new Insolvency and Bankruptcy Code came into existence and members of INSOL India are well abreast of the same through active interaction and appropriate information sharing. INSOL India’s members being established practitioners, have assisted courts in bringing out new interpretations of the insolvency laws thereby setting the foundation for an ‘insolvency jurisprudence’ which also paved way for policy changes. INSOL India’s members are also trained mediators and are looking at the possibilities of bringing mediation into resolving insolvencies, whether personal or corporate and even cross-border ones. During the Covid-19 related lockdowns, INSOL India organised various webinars highlighting the timely requirements of amendments, proper practice etc. INSOL India is playing a key role in reshaping the insolvency industry in the country, which is rapidly developing as a result of large- scale insolvency reforms. Its President, A.S. Chandhiok, together with a team of highly experienced and renowned professionals from world known law and accounting firms lead the Executive Committee and Board of INSOL India. President: Chandhiok, Amarjit Singh Senior Advocate, Former Additional Solicitor General of India, Former Principal Counsel, European Union Commission