The president of the National Company Law Tribunal, Justice Ramalingam Sudhakar, recently spoke about the impact of the insolvency and bankruptcy code (IBC). He emphasized that the success of the IBC depends on how well each stakeholder performs their role and follows the timelines. While he acknowledged that the IBC has been successful overall, he also noted that there have been cases where the timelines have been exceeded and need attention.
Justice Sudhakar highlighted the importance of addressing the issues in each case and called for collective contribution from all players, including lawyers, adjudicatory authorities, and company secretaries. He also emphasized the role of company secretaries in the field of law.
These remarks were made at the CORPCON-2024 event, which was co-hosted by The Institute of Company Secretaries of India (ICSI) and NALSAR University of Law. The event included a three-day workshop on corporate laws and governance. It aimed to provide a platform for knowledge exchange and collaboration, focusing on corporate governance, compliance, and legal intricacies.
The conference featured insightful discussions, thought-provoking panels, and engaging sessions, making it a significant event for company secretaries and those involved in corporate law. The vice-chancellor of NALSAR University, Prof. Srikrishna Deva Rao, praised the success of the conference and mentioned the contributions of Narayana Murthy, who coined the term “compassionate capitalism.”
Manish Gupta and B Narasimhan, president and vice-president of ICSI respectively, played key roles in the success of the event. Venkata Raman and Pawan G Chandak also contributed as program director and joint director. Prof. Vidyullta Reddy, the registrar of NALSAR, thanked all the speakers, panelists, and participants for their contributions and highlighted the significance of corporate conferences in driving legal and administrative changes.
Overall, CORPCON-2024 was considered a resounding success, providing a collaborative environment for professionals to exchange ideas and explore best practices in company secretarial practice and corporate law.
