Skip to main content
VListen

VListen

By VListen
VListen is an audio podcast channel of VirtuaLaw an internet based start up which publishes various articles, case studies and case summaries on www.virtualaw.in and also has a YouTube channel in the name of VirtuaLaw with 2000+ followers.

VListen is an initiative from VirtuaLaw to summarise complex concepts of economic legislations like Insolvency and Bankruptcy Code, 2016, Companies Act, 2013, Competition Act, 2002 and other corporate laws in India.

VListen through its network of speakers from various fields provides insights on critical aspects.
Listen on
Where to listen
Apple Podcasts Logo

Apple Podcasts

Breaker Logo

Breaker

Google Podcasts Logo

Google Podcasts

Overcast Logo

Overcast

RadioPublic Logo

RadioPublic

Spotify Logo

Spotify

Episode 51 - Ringfencing Successor Liability : Protection offered to distressed acquisitions under India's Insolvency Code
Mr Divyansh Dev delved into the ingredients of Section 32A of the Insolvency and Bankruptcy Code, 2016 which provides for immunity from any criminal prosecution against the Corporate Debtor and protection to the properties of the Corporate Debtor for the offences committed before the Insolvency Commencement Date.  Keep listening to VListen! If VListen... We Learn!
04:26
June 11, 2021
Episode 50 - Indian Variant of Pre-Packs : A Focused Discussion with Ms. Shreya Prakash
The Indian Variant of Pre-Packs is designed specifically for MSMEs and there are certain key areas which need focused discussion. In our special episode we had the privilege of hosting Ms. Shreya Prakash who shared her views on the key issues highlighted by VL team.  Keep Listening to VListen. If VListen... We Learn!
20:33
June 3, 2021
Episode 49 - Personal Guarantors to Corporate Debtor
The issue on whether limiting the application of provisions of Part-III to Personal Guarantors to Corporate Debtor is valid, has come to a conclusion with the recent order of the Hon'ble Supreme Court in Lalit Kumar Jain vs. UoI & Ors. Listen to our Podcast for the case study on Lalit Kumar Jain vs. UoI & Ors.
04:24
May 28, 2021
Episode 48 - Feasibility and Viability of Resolution Plan
Does the proposal of the Resolution Applicant to change the business of the Corporate Debtor fail the feasibility and viability test under the Code? What exactly is "feasibility and viability"?  To know more on this, listen to this episode by Aditya.
04:29
May 20, 2021
Episode 47 - Treatment of Provident Fund Dues under IBC, 2016
In this Episode, Mr Vineeth attempts to address an important issue as to whether PF dues are considered as Statutory Dues i.e. Operational Debt or as third-party assets which have super priority charge over the estate of the Corporate Debtor? 
04:37
May 14, 2021
Episode 46 - Treatment of Dissenting Financial Creditors
In this episode, we will take you through a significant ruling by the Hon'ble Supreme Court clarifying the issue as to whether minimum payment payable to Dissenting Financial Creditors shall be in cash or monetary terms or in any other manner apart from cash?
04:39
May 7, 2021
Episode 45 - Is Priority Rights not a Priority?
In a recent ruling of NCLAT in the matter of Indian Renewable Energy Development Agency Ltd. Vs. Bhuvesh Maheshwari and Ors., it was observed that in the event the Secured Creditor holding priority charge elects to relinquish its security interest then the priority status of such secured creditor is lost and shall rank equally with other Secured Creditors. The Podcast attempts to capture the existing position and the need for protection of priority rights inter-se Secured Creditors.
05:49
April 30, 2021
Episode 44 - Contours of inherent powers vested upon High Court under S.482 Cr.P.C vis-à-vis IBC
In the instant case, the Hon'ble Supreme Court addressed an important issue as to whether inherent powers of the High Court u/s 482 Cr.P.C. can countenance the breach of a statuary provision? In this podcast, Mr Bendi Raviteja will take you through the facts of the case and the rationale behind the ruling of SC.
06:12
April 28, 2021
Episode 43 - Entries in Balance Sheet tantamount to Acknowledgment of Debt
The Hon'ble Supreme Court of India, in the matter of ARCIL vs. Bishal Jaiswal & Anr., after referring to a plethora of judgements, ruled that the entries in balance sheet shall be regarded as Acknowledgement of Debt for the purpose of Section 18 of the Limitation Act, 1963 read with Section 7 & 9 of the IBC, 2016 for initiation of CIRP. In this Podcast Mr Vakiti Vineeth Reddy explained the rationale of the SC order in the instant case and the views of Full Bench of the NCLAT which had contrary views.
09:54
April 23, 2021
Episode 42 - Beneficial Liquidation - Gujarat Urja Vikas Nigam Ltd vs. Yes Bank Limited
The Hon'ble NCLAT in the matter of GUVNL vs. Yes Bank directed GUVNL not to terminate the PPA during Liquidation on the ground that Beneficial Liquidation aimed at maximising the value of assets of the Corporate Debtor is the norm of IBC which cannot be defeated. Listen to this Podcast by Vineeth, to learn the facts and the rationale behind such order. Keep Listening to VListen! If VListen... We Learn!  
05:52
November 5, 2020
Episode 41 - Analysing Sectors of Indian Economy under Covid-19 Environment - An Indication for likely spike in cases under IBC
The impact of COVID-19 can be felt across various sectors in the Indian economy leading to stress in large number of businesses in India and thereby indicating a spike in cases under IBC once the suspension is shifted. In this week's podcast, CA Vibhor Gupta analyses the performance of various sectors in India like that of Aviation, Tourism, Real Estate etc. under COVID-19 environment.
12:41
October 2, 2020
Episode 40 - Arcelor Mittal India Pvt. Ltd. vs. Satish Kumar Gupta - SC Landmark Ruling on Section 29A of IBC
The Hon'ble Supreme Court in the matter of Arcelor Mittal India Pvt. Ltd. vs. Satish Kumar Gupta, pronounced a landmark ruling on the interpretation of Section 29A of the Insolvency and Bankruptcy Code, 2016. In this podcast, Mr Ojas Pimparkar discusses in detail the facts of the case and the rationale behind the Supreme Court's Ruling.
14:28
September 19, 2020
Episode 39 - Interplay of IBC and Limitation Act - Challenges and Contentious Issues
In this episode, Mr Vineeth Reddy deliberates on the challenges in the interplay between IBC and Limitation Act.
06:13
September 10, 2020
Episode 38 - Supreme Court's Verdict on Payment of AGR Dues and Sale of Spectrum by Insolvent Telcos
In this podcast we discuss the Supreme Court's Verdict on the payment of AGR dues by Indian Telcos and whether Spectrum can be subject to proceedings under the Insolvency and Bankruptcy Code, 2016 ("IBC")
09:12
September 1, 2020
Episode 37 - UVARC's resolution plan for AIRCEL- Salient Features
In this podcast, CA Aditya Gupta discusses the salient features of the resolution plan submitted by UVARC for AIRCEL, which was duly approved by the NCLT.
06:45
September 1, 2020
Episode 36 - Does Classification of Account as NPA necessarily mean default under IBC?
Where a Bank classifies an account as NPA, it need not mean default under IBC is what CA Aditya Gupta argues and CS Prakul Thadi disagrees with him. Listen to the podcast to understand their respective arguments.
10:51
August 30, 2020
Episode 35 - Attachment of properties become void under Section 32A of IBC
In this podcast, Mr Araventhan takes you through the order passed by NCLT, Kolkata Bench, in the matter of Anil Goel vs. Deputy Director, Directorate of Enforcement, Delhi wherein it was observed that the attachment and confiscation of properties of a CD undergoing CIRP or liquidation become void under section 32-A of the Code.
05:44
August 27, 2020
Episode 34 - Babulal Vardharji Gurjar vs. Veer Gurjar Aluminium Industries - Supreme Court on the Applicability of Limitation Act to IBC
In Babulal Vardharji Gurjar vs. Veer Gurjar Aluminium Industries, both NCLT and NCLAT had admitted CIRP application even when the date of initiation of CIRP Application is more than 3 years from the date of default. The real fight is between Article 137 and Article 62 of the Limitation Act, 1963 and whether the decision of NCLT and NCLAT to admit the application upon invocation of Article 62  of the Limitation Act, 1963 is valid? The matter landed before the Supreme Court and in this podcast Mr Vineeth Vakiti explained the decision of the Supreme Court and the rationale thereof. If VListen... We Learn!
04:26
August 23, 2020
Episode 33 - SBI vs. Anil Dhirajlal Ambani - Insolvency Resolution Process against Personal Guarantor
In this Podcast, CA Aditya Gupta gives a quick overview of the order passed by NCLT, Mumbai in the matter of SBI vs. Anil Dhirajlal Ambani pursuant to its powers under the IBC and I & B (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors) Rules, 2019.
05:48
August 21, 2020
Episode 32 - RBI - Resolution Framework for COVID-19-related Stress
In this Podcast, CA Aditya Gupta explains the one-time restructuring opportunity provided by RBI through Resolution Framework for COVID-19-related stress, release by RBI on August 6, 2020.
06:11
August 16, 2020
Episode 31 - IBBI amends Liquidation Process and Voluntary Liquidation Process Regulations on August 5, 2020
In this podcast we update our listeners on the amendments brought forward by IBBI to the IBBI (Liquidation Process) Regulations, 2016 and IBBI (Voluntary Liquidation Process) Regulations, 2017.
01:49
August 10, 2020
Episode 30 - IBBI amends the Insolvency Resolution Process Regulations on August 7, 2020
The IBBI amended the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. We believe that these amendments will help in uniformity in the practices adopted by Insolvency Professionals for selection of and voting by Authorised Representatives and voting on resolution plans by CoC. Listen to our Podcast to know the amendments.
02:51
August 8, 2020
Episode 29 - IBBI is empowered to levy fee as a percentage of annual remuneration drawn as an IP: Madras HC
The power of the Insolvency and Bankruptcy Board (the "IBBI") to levy fee of 0.25% of the professional fee earned for services rendered as an IP in the preceding financial year and also 0.25% of the turnover of an IPE in the preceding financial year and the regulations thereof were challenged before the Hon'ble High Court of Judicature at Madras. In this case we will quickly discuss how the Hon'ble High Court addressed this case.
04:22
August 7, 2020
Episode 28 - State Bank of India vs. Ushdev International Ltd - An Interesting Debate on Commercial Wisdom of the CoC
In this podcast we discuss an interesting case where the Adjudicating Authority made critical comments on the so-called Commercial Wisdom of the Committee of Creditors. It emphasised that the CoC has not at all applied its mind and that there was no element of wisdom displayed, leave alone the 'commercial wisdom'. Having said so it rejected the decision of the CoC to liquidate the Corporate Debtor and approved the resolution plan which was originally rejected by the CoC. Am not sure if it surprised you, but it did surprise me to a large extent. But, how in the world can this happen? Listen to our Podcast to know that!
06:07
July 24, 2020
Episode 27 - Raninga Ispat Private Limited (RIPL) | CIRP | Case Study | Insolvency & Bankruptcy Code, 2016 (IBC)
The Adjudicating Authority admitted an application filed under S.7 of the Insolvency & Bankruptcy Code, 2016 (IBC) which was later set-aside by the NCLAT. Before it is set-aside the corporate debtor had incurred certain CIRP Cost. Who shall bear these expenses? Is it the Applicant FC alone or proportionately by the members of CoC? Listen to our podcast to know the answer.
03:50
July 23, 2020
Episode 26 - Albanna Engineering (India) Pvt. Ltd. | Group Insolvency | Case Study | Insolvency & Bankruptcy Code, 2016
Case Studies are always fun and we want to make it much easier. Mr Vineeth Vakiti, an alumni of NLU, Visakhapatnam and currently pursuing Graduate Insolvency Programme worked on this case brief and narrated the same.   Albanna Engineering is a critical case on Group Insolvency where the Parent Company is incorporated in Dubai. 
04:54
July 21, 2020
Episode 25 - Liquidator of Surana Power Ltd. Vs. BHEL - Lien vs. Hypothecation
In this podcast we will brief you on the NCLAT order in the matter of liquidation of Surana Power Ltd., the Corporate Debtor. The Adjudicating Authority had admitted application filed by operational creditor under Section 9 of the Code for initiation of CIRP against Surana Power Ltd. With non-receipt of any resolution plan, the corporate debtor was ordered to be liquidated. One of the operational creditors Bharath Heavy Electricals Ltd. (BHEL) had succeeded in an arbitration proceeding against the corporate debtor. The Arbitral Award declared BHEL as an unpaid seller and accordingly granted lien over the equipment and goods lying at the site of the Corporate Debtor. Pursuant to S. 52 of the Code, the Respondent i.e. BHEL informed the liquidator about its willingness to realise the security interest in the Asset of the Corporate Debtor. However, the liquidator filed an application before the Adjudicating Authority seeking directions against BHEL to permit the liquidator to cause sale of assets of the corporate debtor under Regulation 32 of the IBBI (Liquidation Process) Regulations, 2016. Strange right? Are we missing something? Yes. Let me take you back to 2010. On September 24, 2010, the assets for which BHEL had been granted lien, were already hypothecated to 10 Secured Creditors. Unlike BHEL, these creditors constituting 73.76% have relinquished their Security Interest into the liquidation estate of the Corporate Debtor. The liquidator argued that the charge of hypothecation is paripassu in nature to that of lien granted in favour of BHEL and hence, the liquidator filed application before the Adjudicating Authority for liberty to sell those assets so as to distribute it among all the Secured Creditors of the Corporate Debtor. The Adjudicating Authority, having established the differences between lien and pledge, observed that "Whenever any lien is created, the person having right of lien has a right to enforce the same against the asset in preference to charge of hypothecation." Accordingly, the Adjudicating Authority dismissed the application filed by liquidator and considered that BHEL is a secured creditor entitled to proceed under S.52 of the Code to realise its security interest. Aggrieved by this order of the Adjudicating Authority, the current appeal was preferred before the NCLAT. The liquidator argued that ten out of eleven Secured Creditors, representing together 73.76% of the total secured assets have relinquished their Security Interest into the liquidation estate and only because of the Respondent, i.e. BHEL, the Liquidator is unable to proceed any further with the sale of assets. In this context, the NCLAT invoked S.13(9) of the SARFAESI Act, 2002 and observed that any steps about the realization of assets by the Secured Creditors requires confirmation from the Creditors having at least 60% of the value of total debt. However, since in the present case, secured creditors having 73.76% of the value of total debt, i.e. more than the required 60% as per SARFAESI, are unwilling to exercise security interest, the same decision shall also be binding on BHEL. The NCLAT further observed that BHEL does not hold a superior charge and hence, it would be prejudicial to stall the liquidation process at the instance of such creditor having only 26.24% share in the secured assets which would also be detrimental to the interest of the remaining ten Secured Creditors. With this rationale, the NCLAT allowed the appeal and had set-aside the order passed by the Adjudicating Authority and directed the Appellant/Liquidator to complete the Liquidation Process in the light of this decision.
04:04
July 16, 2020
Episode 24 - Immunity from Criminal Prosecution - Section 32A of IBC
In this podcast Mr Ali discussed on the Immunity provided to corporate debtors from criminal prosecution after approval of resolution plan.
04:51
June 26, 2020
Episode 23 - Judicial Intervention and IBC
In this podcast we discuss as to how the judicial intervention of NCLT, NCLAT and Supreme Court helped establish the objective of the Insolvency and Bankruptcy Code, 2016.
05:30
June 16, 2020
Episode 22 - Cardinal Principles of Corporate Insolvency Law
In this week's podcast we quickly summarise the five cardinal principles of Corporate Insolvency Law.
02:36
June 12, 2020
Episode 21 - Ex-Employee of Financial Creditor cannot act as IRP: NCLAT in SBI vs. Metenere Ltd
A quick summary of the decision taken by the NCLAT in the matter of SBI vs. Metenere Ltd .
02:31
June 11, 2020
Episode 20 - Overview on Pre-Packs by CA Archit Gupta
With the suspension of IBC due to the COVID-19 pandemic, introduction of Pre-Packaged insolvency mechanism in India seems to be inevitable. In this week's podcast we give a quick overview on the pre-packs. Speaker: CA Archit Gupta, is a chartered accountant, having experience of more than 3 years in various fields of the profession including forensic audit, valuation, indirect taxation, statutory audit, etc. He is DISA qualified and holds a certificate on forensic audit and fraud prevention issued by ICAI. He has also cleared the exam for registered valuer for asset class of securities and financial assets, held by IBBI and will soon be a registered valuer.
04:01
June 5, 2020
Episode 19 - So Close Yet So Far - A Comparison of Schemes with Resolution Plan and Liquidation as Going Concern
Schemes of Compromise and Arrangements, Corporate Insolvency Resolution Process and Liquidation as Going Concern are three different concepts having similar output, which is saving the distressed entity. Through this podcast we discuss the differences between the three. Speaker: Mr. Aditya Guptais a chartered accountant and electronic engineer. He is also the member of IISLA (Indian Institute of Surveyor & Loss Assessor). Currently, he is pursuing Graduate Insolvency Programme to become and Insolvency Professional.
07:11
May 28, 2020
Episode 18 - Competition Act and IBC : Failing Firm Defence for Green Channel approval of cases
The green channel approval has been recommended for combinations arising out of IBC for the first time in the Report of Competition Law Committee. In this podcast we discussed the possibility of launching Green Channel Automatic Approval route for IBC Cases and the concept of Failing Firm Defence.  Speaker: Mr Divyansh Dev is an Advocate currently training as Insolvency Professional under Graduate Insolvency Programme (GIP) at IICA, Ministry of Corporate Affairs, Government of India. By 2021, he will be among the youngest Insolvency Professionals in India - who would be duly recognised by Insolvency and Bankruptcy Board of India (IBBI).
06:42
May 21, 2020
Episode 17 - Company Voluntary Arrangements in the United Kingdom (UK)
In this podcast we discuss the concept of Company Voluntary Arrangements under the Insolvency Act, 1986 of the United Kingdom and how different it is from the Scheme of Compromise and Arrangements. Speaker: Mr. Aditya Guptais a chartered accountant and electronic engineer. He is also the member of IISLA (Indian Institute of Surveyor & Loss Assessor). Currently, he is pursuing Graduate Insolvency Programme to become and Insolvency Professional.
05:43
May 8, 2020
Episode 16 - Essar Steel Verdict: A Critical Analysis
In a resolution plan there can be no difference between a financial creditor and an operational creditor in the matter of payment of dues, and that therefore, financial creditors and operational creditors deserve equal treatment under a resolution plan. This was the order passed by the NCLAT in the matter of Essar Steel and accordingly, the NCLAT has re-distributed the proceeds payable under the approved resolution plan as per the method of calculation adopted by it so that all financial creditors and operational creditors be paid 60.7% of their admitted claims. This order has raised severe concerns in the credit market on account of the uncertainty it can cause. Subsequently, the matter landed in Supreme Court wherein the apex Court made significant observations which provided certain relief. This podcast takes you through various issues resolved by the Supreme Court along with the rationale thereof. Speaker: Mr Himanshu Gupta, a law graduate from Hidyatullah National Law University and is currently pursuing Graduate Insolvency Programme to become an Insolvency Professional.
21:58
April 30, 2020
Episode 15 - FDI Policy: Changes due to COVID-19
Foreign Direct Investment is promoted by developing economies like India, in order to supplement domestic capital, technology and skills to ensure accelerated economic growth. Accordingly, Department of Industrial Policy and Promotion of the Ministry of Commerce and Industry adopted the consolidated FDI policy in India with effect from August 28, 2017. With the onset of COVID-19 pandemic in India, in order to curb opportunistic takeovers/acquisitions of Indian companies, the Government of India has reviewed the FDI policy and accordingly amended the same. Consequentially, the Department of Economic Affairs of the Ministry of Finance notified the Foreign Exchange Management (Non-debt Instruments) Amendment Rules, 2020 on April 22 which are effective immediately. Hello everyone! Welcome to Vlisten.  Speaker: Mr Anit Dosi, a Chartered Accountant from Mumbai, having more than an year of experience in restructuring and insolvency practise at RBSA who is currently pursuing Graduate Insolvency Programme to become an insolvency professional. If VListen... VLearn!
13:48
April 28, 2020
Episode 14 - Prudential Framework for Resolution of Stressed Assets in India: Critical analysis of the COVID-19 Regulatory Package
The June 7, 2019, direction issued by the Reserve Bank of India provided for prudential framework for resolution of stressed assets outside Insolvency and Bankruptcy Code, 2016 (IBC). This provides for an opportunity to the promoters to restructure the debt before ending up being ineligible under the IBC. However, with the advent of COVID-19 the sources hint that sections 7, 9 and 10 of the Code shall be suspended for a period of 6 months to a maximum of one year. This shows that the banks have no other option but to initiate steps under the June 7 direction. Hence, this direction issued by the RBI will play a crucial role in resolution of stressed acids in India. Through this podcast we discuss at length the procedure involved in the Prudential framework for resolution of stressed assets with critical analysis of the COVID-19 Regulatory Package announced by the RBI. Speaker: Mr Naman Jain, a Chartered Accountant currently pursuing Graduate Insolvency Programme to become an Insolvency Professional. Co-Host: Ms. Diksha Shara, a Chartered Accountant currently pursuing Graduate Insolvency Programme to become an Insolvency Professional.
13:30
April 25, 2020
Episode 13 - Liquidation Process on a Going Concern basis in India
Sale of Corporate Debtor as going concern was introduced in March 2018 as one of the methods of sale of assets in IBBI (Liquidation Process) Regulations, 2016. Later in October 2018 the concept of sale of business of the corporate debtor as a going concern was introduced. Liquidation on going concern basis has now become the first endeavor of the liquidators before proceeding for any other methods of sale. Through this podcast, we discuss in detail the various intricacies of the concept of "Liquidation as a going concern" including the international precedents in this regard. Speaker: CA Sarthak Ohri is a Chartered Accountant currently pursuing Graduate Insolvency Programme at Indian Institute of Corporate Affairs, Manesar.   If VListen... We Learn!   Keep listening to VListen - India's First Podcast Channel on Insolvency Law by VirtuaLaw!
23:18
April 23, 2020
Episode 12 - Cash Flow Monitoring during CIRP : A double-edged sword
Cash Flow Management is the most critical aspect of any company and moreover, in a company undergoing insolvency it becomes the foremost task. In stress situations of corporate borrowers, the Banks usually opt for cash flow monitoring to ensure that they closely monitor the inflows and outflows. In this context, we discuss the process of cash flow monitoring and how it can be a double-edged sword during Corporate Insolvency Resolution Process (CIRP). Speaker: CA Parshva Shah, Chartered Accountant from Mumbai having two years of experience in the insolvency sphere and is currently undergoing Graduate Insolvency Programme to become an Insolvency Professional.. 
10:35
April 16, 2020
Episode 11 - Companies Fresh Start Scheme 2020 | A Practitioner's Perspective | by CS Sharath Chandra | VirtuaLaw
A special episode on Companies Fresh Start Scheme 2020 which can be used by resolution professionals during CIRP. Speaker: CS Sharath Chandra, is the founding partner of M/s Sharath & Associates, Company Secretaries who is an young company secretary in practice from Hyderabad. He can be followed on LinkedIn using the following link: https://www.linkedin.com/in/sharath-chandra-6477949a/   His area of practice includes Drafting agreements for Corporate Investments, Foreign Direct Investments, Corporate Structuring, Strategising and execution of Mergers and Acquisitions, Corporate Compliance Management, Advisory in relation to Corporate Insolvency, Appearance before National Company Law Tribunal etc, apart from consultation under the Corporate Laws of India.   In case you need any further clarification on the scheme or wish to professionally engage them for any advisory / consultation services, you may contact their firm at srmassociates.cs@gmail.com or may call on +91-8885114757.
01:08:02
April 10, 2020
Episode 10 - Swiss Ribbons Pvt. Ltd. V. Union of India - Constitutional Validity of the Code
With the enactment of the Insolvency and Bankruptcy Code, 2016 ("Code" or "IBC") there has been a paradigm shift in the way the insolvency proceedings are being handled. The law provided for only two classes of creditors, one the operational creditors and the financial creditors. The way their rights are ascribed under the code, attracted judicial scrutiny.  Being an economic legislation where time bound resolution is major focus, the supreme court of India addressed the issues under IBC in a speedy manner. On January 25, 2019, the Hon'ble Apex Court pronounced a landmark judgement in the case of Swiss Ribbons Pvt. Ltd. v. Union of India upholding the constitutional validity of the Code. Through this podcast we discuss the various issues raised in the case and the rationale behind upholding the constitutional validity of various provisions under this code. Speaker:  Mr Himanshu Gupta is an advocate and is currently pursuing Graduate Insolvency Programme (GIP) at the Indian Institute of Corporate Affairs ('IICA'), Manesar. If VListen... We Learn! Keep Listening to VListen... India's First Podcast Channel on Insolvency Law!
19:54
January 25, 2020
Episode 9 - Marriage of Indian Real Estate Sector and Block Chain Technology by Ms. Ankita Saxena
Speaker: Ms. Ankita Saxena is an Electrical and Electronics Engineer who is currently pursuing her course on Block Chain Technology for Business Enterprises from INSEAD, Singapore. This podcast is based on the research done by the speaker on the applicability of Block Chain Technology in the Indian Real Estate Sector and as to how it can be integrated. The benefits of such technology for the Insolvency Professionals, is also briefly covered. Keep listening to VListen!
15:10
November 19, 2019
Episode 8 - Slump in Indian Real Estate Sector by Mr Kunal M Phatangare
Name of the Speaker: Mr Kunal M Phatangare Mr Kunal M Phatangare is an Advocate and Partner at M B Phatangare, Legal Consultants and Services, Nashik.  The real estate sector is under radar in the Indian economy and the difficulties of the stakeholders including government and home buyers have not been resolved yet. With the collapse of IL&FS and DHFL, the concentration on this sector has increased multi-fold. In this episode we discuss the probable reasons for such slump in the Indian Real Estate Sector. Keep listening to VListen!
10:43
November 18, 2019
Episode 7 - Start-up Funding - by Mr. Vibhor Gupta, Chartered Accountant
Speaker: Mr Vibhor Gupta Mr Vibhor Gupta is a Chartered Accountant who has worked in boutique investment banking companies and asset restructuring companies. With his expertise in finance, he handled various funding projects for startups. For any startup to achieve its dream, one of the most important elements is funding. This podcasts helps the present and prospective investors to understand as to how startups can raise funds. Keep listening to VListen!
09:29
November 18, 2019
Episode 6 - RERA - An Overview by Mr Manoj Basniwal
Speaker: Mr Manoj Basniwal Mr Manoj Basniwal is a Chartered Accountant and a Certified Financial Planner who has experience working in real estate company and who also appeared before the Real Estate Regulatory Authority. The Real Estate (Regulation and Development) Act, 2016 ("RERA"), was enacted to establish the Real Estate Regulatory Authority for regulation and promotion of the real estate sector of India with special focus on protection of the interest of consumers in the real estate sector. Through this season on RERA we will deliberate on various issues addressed by RERA and the intricacies of the same. This episode deals with the overview of RERA. Keep listening to VListen!
14:39
November 18, 2019
Episode 5 - Restructuring of companies through schemes - an introduction by Mr Vijay S, Corporate Lawyer
Speaker: Mr Vijay S Mr Vijay is an advocate whose experience is majorly in the field of restructuring. He is currently researching on the concept of schemes and restructuring and as part of our podcasts we will get to listen to various interesting issues from him across various episodes in the entire series. Click here to follow Mr Vijay on LinkedIn: https://www.linkedin.com/in/vijay-sekar-047a00117/ Restructuring of a business is a field on its own where there are no ready-made strategies available to adopt. Each deal has its unique nature of complexities and the strategy for every such deal changes with changing situations. To address the same, law provides for schemes which can be tailor-made and which will govern such restructuring. This podcast introduces the concept of restructuring and the changes introduced in the Companies Act, 2013 and also touches upon the legal fiction of considering securities premium as share capital. Keep listening to VListen!
15:08
November 17, 2019
Episode 4 - Is early warning of stress need of the hour for Indian Insolvency Regime? by Mr Aditya Gupta, C.A. B.E.
Speaker: Mr Aditya Gupta Mr Aditya Gupta is a chartered accountant and electronic engineer who had an earlier experience in providing audit services to banks. .He has also acquired the Surveyor License from IRDA in Fire Insurance,Marine Cargo Insurance and Miscellaneous Insurance.He is also the member of IISLA( Indian Institute of Surveyor & Loss Assessor). He has also written an article on "How robust is Indian Insolvency Law vis-a-vis other Developed Nations?" comparing the insolvency regimes of five countries, viz., USA, UK, SIngapore, UAE and China with that of Indian insolvency framework. Click here to follow Mr Aditya Gupta on LinkedIn: https://www.linkedin.com/in/aditya-gupta-b4a61690/ Insolvency has become the buzz word in India post enactment of the Insolvency and Bankruptcy Code, 2016 (IBC). However, the Indian insolvency regime has always been reactive to stress and so is the IBC. This is a point of contention which can be debated, but there lies an important question as to whether early warning of stress need of the hour in Indian Insolvency Regime.  Through this podcast, VListen explored the need for early warning of stress and also about similar framework available in the jurisdiction of UAE. Keep listening to VListen!
13:24
November 17, 2019
Episode 3 - Integration of Information Utilities and Block Chain Technology by Mr Pranjal Mahajan, Ind. Engineer
Speaker: Mr Pranjal Mahajan,  Mr Pranjal Mahajan is an Industrial Engineer who has vividly researched on block chain technology and his article on Bitcoin Lightning Network was published by Coinsutra (https://coinsutra.com/bitcoin-lightning-network/).   Click here to follow Mr Pranjal on LinkedIn: https://www.linkedin.com/in/pranjal-mahajan-41298299/  Information Utilities are credit repositories which predominantly serve as a repository of legal evidence holding the information pertaining to any debt/claim, as submitted by the operational or financial creditor and verified and authenticated by the other parties to the debt.  The major role of an Information Utility under the Insolvency and Bankruptcy Code, 2016, is to facilitate time-bound resolution by providing verified information to adjudicating authorities that do not require further authentication.  From this, we can understand the sensitivity of the data these information utilities handle and hence, the importance of data protection.  Through this podcast, VListen explores how Block Chain Technology can be integrated in information utilities to ensure data protection.  Keep listening to VListen!
14:01
November 17, 2019
Episode 2 - Practical difficulties in handling CIRP with special focus on EPC Companies by Ms. Diksha Sharma
Speaker: Ms. Diksha Sharma Ms. Diksha Sharma is a Chartered Accountant who worked as a Financial Analyst with NTT Data Services and her most recent experience includes working in the core team of a Resolution Professional of an Engineering, Procurement and Construction (EPC) Company. Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, totally changed the rules of the game of insolvent companies. Unlike earlier insolvency regime, the current regime provides for creditor-in-control model. During CIRP, the powers of the Board get suspended and the same stand transferred to a Resolution Professional ("RP"). Hence, an RP takes over the management of the Company at a time when it is in doll drums, struggling to generate adequate cash flows. The situation becomes worse when the company in CIRP is an EPC company. Through this podcast we will deliberate on the practical difficulties an RP faces while handling CIRP of EPC Companies. Keep listening to VListen!
15:57
November 17, 2019
Episode 1 - What went wrong with SICA? by Mr Sarthak Ohri, Chartered Accountant
Speaker: Mr Sarthak Ohri, Chartered Accountant The Sick Industrial Companies (Special Provisions) Act, 1985 ("SICA"), was enacted to make special provisions for the timely detection of sick (and potentially sick) companies owning industrial undertakings. The Board for Industrial and Financial Reconstruction ("BIFR") was formed under the SICA to determine the sickness of such industrial companies and to prescribe measures either for the revival of potentially viable units or the closure of unviable companies. With the advent of the Insolvency and Bankruptcy Code, 2016, the SICA has been repealed by the Sick Industrial Companies (Special Provisions) Repeal Act, 2003 (“Repeal Act”) with effect from December 1, 2016 and the BIFR and the Appellate Authority for Industrial and Financial Reconstruction (“AAIFR”) have been dissolved. Listen to our podcast to understand how SICA functioned and what went wrong that it had to be repealed. Keep listening to VListen!
17:41
November 17, 2019