Rajiv Gandhi National University of Law (RGNUL), through its Insolvency and Bankruptcy Law Division under the Centre for Business Laws and Taxation, successfully hosted the 1st RGNUL National Corporate Liquidation Process Competition. The competition brought together leading law schools to deliberate on complex issues arising under the Insolvency and Bankruptcy Code, 2016.
The final round revolved around liquidation proceedings, requiring participants to address issues concerning Section 52 of the IBC, Regulation 21A of the Liquidation Regulations, the effect of an Inter-Creditor Agreement, and the interplay between the IBC and attachment proceedings under the Prevention of Money Laundering Act.
The Final Bench comprised Mr. Vaijayant…