New Delhi: As part of the ongoing “Azadi Ka Amrit Mahotsav” celebrations, the Insolvency and Bankruptcy Board of India (IBBI) has organized a one-day international conference (virtual mode) on “MSME: Legislative and regulatory challenges” the 3rd February 2022, in association with UNCITRAL RCAP, Gujarat National Law University (GNLU) and Tamil Nadu National Law University (TNNLU).
Dr. Navrang Saini, President of IBBI, addressed the participants at the inaugural session. During the inauguration of the conference, he highlighted the importance of MSMEs and their significant contribution to the Indian economy as well as the various challenges they face. He also highlighted the various initiatives taken by the government to support MSMEs. He also insisted on reforms related to the Insolvency and Bankruptcy Code, particularly in response to the COVID-19 pandemic, specifically to alleviate financial distress in the MSME sector.
The conference included four technical sessions and an international roundtable. Sessions focused on issues related to MSMEs: legal and regulatory challenges; MSMEs and Indian Economy: Role of Government; MSMEs and IBCs and MSMEs and the impact of COVID-19. Mr. Ritesh Kavdia, Executive Director, IBBI chaired the international roundtable.
Other prominent speakers included Mr. Robert Walters, Professor of Law at the University of Victoria, Australia; Ms. Monica Canafoglia, Legal Officer, ITLD Office of Legal Affairs, UNCITRAL Vienna; Ms Lyn Martin Professor, Anglia Ruskin University, UK; Ms Stéphanie Rohlfing-Dijoux, Professor, University of Paris; Dr. Rajendra Prasad Gunputh, Dean, Faculty of Law, University of Mauritius; Ms. Poonam Sinha Director, Entrepreneurship Education, NIESBUD; Mr. Anurag K. Agarwal, Professor, IIM – Ahmedabad; Mr. Debajyoti Ray Chaudhuri, MD and CEO, NeSL; Mr. Dhananjay Singh (IRS), Deputy Commissioner, CBDT; Prof. (Dr.) Mamata Biswal, Dean of Faculty and Academic Affairs and Professor of Law and Senior Researcher of ICSSR, Gujarat National Law University and Mr. Rajesh Kumar Gupta, Chief Managing Director, Insolvency and Bankruptcy Board of India.