On 12th December, 2020 Eastern Book Company held its first virtual book launch and panel discussion on the occasion of the release of Mr Akaant Kumar Mittal’s book on Insolvency and Bankruptcy: Law and Practice. The launch of the book took place online and had several prominent personalities in attendance such as Justice AB Singh, Judicial Member, NCLAT, Dr MS Sahoo, President of Insolvency and Bankruptcy Board of India, Ms Mamta Binani, ex-Chairman, ICSI and others. The book launch was followed by a panel discussion on “4 Years of IBC – The Revolution Witnessed and the Promise for Future“. This discussion was moderated by Ms Haripriya Padmanabhan, Advocate, Supreme Court of India.
Justice Singh’s Address
Justice AB Singh, Judicial Member, NCLAT was the first to address the audience. He spoke on how the void in the field of insolvency law was being filled by Mr Mittal’s book on IBC and requested Mr Mittal to revise his book every year. He also spoke about how insolvency law is coming to the rescue of homebuyers, about limitation act and the amendments that have taken place in IBC in the last 4 years. His detailed address can be seen below.
Mr Sumeet Malik, Director, EBC’s Address
Next, we had Mr Sumeet Malik, Director, Eastern Book Company congratulating Mr Mittal on the release of his book and how his hard work will contribute to India’s legal academia and come to aid all insolvency law practitioners. He further elucidated that Mr Mittal’s book was the 10th book in EBC’s Commercial Titles List and had undergone stringent review by Mr Murali Neelakantan, Partner, Amicus. He also spoke about the publishing industry and it’s role of bridging the gap between legal information and those who need it and EBC’s policy of providing prompt, accurate and complete information. His detailed address can be seen below.
Release of the book
This was followed by the release of the book. All the panelists congratulated Mr Mittal for this achievement.
Ms Padmanabhan’s Address
Ms Haripriya Padmanabhan, Advocate, Supreme Court of India was the moderator for the panel discussion that followed the book launch. She started the discussion by first congratulating Mr Mittal for his achievement and also shared her insights on the new law. Her address can be seen here.
Vote of Thanks
Ms Padmanabhan’s address was followed by a panel discussion which we will cover in a subsequent post. After the panel discussion, a vote of thanks was given to thank all panellists for their involvement in the book launch and panel discussion. The vote of thanks can be seen below.
Details of the book and appreciation
Insolvency and Bankruptcy Code: A Commentary by Akaant Kumar Mittal is a practitioner’s guide on the jurisprudence that has developed on the Insolvency and Bankruptcy Code, 2016 so far. The commentary deals with both corporate insolvency and individual-related insolvency and bankruptcy. It discusses the procedure stipulated under the IB Code along with the relevant Rules and Regulations framed by the Government and the Insolvency and Bankruptcy Board of India. The book touches upon the issues of cross-border insolvency and group insolvency. It covers almost all the decisions of the Supreme Court and National Company Law Appellate Tribunal along with rulings from different High Courts and National Company Law Tribunal Benches. The commentary discusses the interplay of the IB Code with different statutes such as Arbitration law, SEBI, Money laundering etc.
In India’s otherwise infamous regulatory quagmire, the IBC stands out as a cohesive piece of legislation.The author documents this evolution of our nascent insolvency framework through detailed appreciation of judicial decisions, and like an erudite academician he subtly hints at future trends. Such a contrast in focus between the past and the future, progressiveness, and reflexivity, makes this commentary a must read both for professionals seeking to transition from the old regime to the new, as well as for fresh entrants to the field of insolvency.
Justice Surya Kant, Judge, Supreme Court of India
I find that this publication “Insolvency and Bankruptcy Code: A Commentary” by Shri Akaant Kumar Mittal is an exemplary initiative in this direction. I am sure, this will prove to be a great resource for practitioners, policymakers, researchers and academics to understand in detail the change that is in the offing. I am certain that this will motivate more inquisitive minds to delve deeper into various aspects of the Code from an interdisciplinary perspective, enriching the Indian literature on bankruptcy and insolvency in the days ahead. It will also build institutional capacity in the economy to implement and contribute to the insolvency and bankruptcy reforms in the country in letter and spirit.
Dr M.S. Sahoo, Chairman, Insolvency and Bankruptcy Board of India
The author, Akaant Mittal has through this book, made a conscious attempt to make every reader aware of the rules and regulations of the existing insolvency laws in India. I am sure, this “Handbook” will be a useful addition to the Insolvency & Bankruptcy Law in India and will help every reader in having an in-depth knowledge of the existing insolvency regime. It is a very useful and well thought material for both practitioners and students. I wish this venture a great success.
Prof (Dr.) Ranbir Singh, Vice-Chancellor, National Law University, Delhi
The book can be bought through this link: https://www.ebcwebstore.com/product_info.php?products_id=99097372
Nilufer Bhateja, Associate Editor has put this story together