University of Mumbai's

Garware Institute of Career Education and Development

NAAC Re-accredited with 'A' Grade

Certification Courses

Certificate Course in Insolvency & Bankruptcy Code (CI&BCC)

+ Course Duration:

3 Month

+ No Of Seats :

30

+ Fees :

+ Eligibility :

XII passed in Arts/ Science or Commerce from
Recognized Board.

+ Admission Procedure :

Admission on the basis of written test and/or interview.

+ Preamble :

After India enacted tougher laws to deal with sticky loans and the
central bank stepped in accelerate the pace of recoveries. India's battle
against bankruptcy is spawning new career options, finance executives have
stumbled upon a career-growth opportunity as an Insolvency Professional.
Insolvency Professionals handle part or complete work when appointed and
initiate liquidation proceedings. As the process is time bound and the
insolvency process has to be completed in 180 days. He needs to be
supported with a team of industry experts, lawyers and other professionals.
An Insolvency Professional is also supposed to run the day to day
business of a defaulting company going in for insolvency proceedings. He is
already assisted by professionals, but he will also need to be supported by
ordinary people doing ancillary jobs .With hundreds of cases coming up in
the National Company Law Tribunals, an industry estimate suggests that
about 45,000 ordinary graduates would be needed to support the Insolvency
Professionals (As per a newspaper article in the Economic Times in June
2017).In order to give ordinary graduates a basic/advance insight to
Insolvency and Bankruptcy code we have designed this course as per need
of the organization. The duration of this diploma course is for 180 hours.
For example an Income Tax department will have its own requirement to
identify cases before the company gets liquidated and to handle the cases
who are already under liquidation. Banks have to follow stricter norms and
as soon as the risk is getting y much better pay and allowances as
worldwide Insolvency professionals are highly paid. People working in
organizations have to know what action they are supposed to take if they e
have to recover the money or pay the money. This course provides from an
overview to detailed perspective of the law and the person who has course
can be an asset to the organization. It also raises the key questions for the
non specialist such as when is a company to be made insolvent? When
directors should stop trading? What assets are available for creditors? When

Certificate Course In Insolvency & Bankruptcy Law Page 3
and how to call insolvency experts? All our courses will be specifically
created for a group of people existing knowledge and purpose of doing the
course.

+ Objective :

• Understanding the objectives of the Insolvency & Bankruptcy Code.
• Understanding the relation of various Acts read with the Insolvency
Code.
• Help Insolvency Professional in providing critical support during
the Insolvency Period.
• Effectively handle all procedural process there by giving effective
and timely assistance to Insolvency Professionals.
• Understand how to use this law to safeguard the company interest
against Insolvent Persons.

+ Job Opportunities :

There is huge career prospectus available. All people with knowledge
of this act are in demands with professionals like lawyers, insolvency
professionals , Chartered Accountants and others. Many people have started
to provide the services to these professionals as independent service
providers. These people are also required in banking sector, corporates to
handle these cases or identify the process to be followed up. Beside this,
there is huge demand with foreign professionals and these people are getting
easily accommodated there. So these course are stepping stones for
migration to foreign countries at very high pay scales. The pay scales in
abroad can be checked on online website portals such as indeed.com.

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