EVENTS:

2^nd INTERNATIONAL RESEARCH CONFERENCE ON INSOLVENCY AND BANKRUPTCY Organized by Indian Institute of Management Bangalore (IIMB) & Insolvency and Bankruptcy Board of India (IBBI) Supported by Centre for Capital Market and Risk Management, IIMB

[23^rd – 25^th February, 2023]

Calls for Research Papers 2023

ABOUT THE RESEARCH PAPER:

It is well established that economic freedom and economic performance have a very high positive correlation. Countries having a high level of economic freedom generally outperform the countries with not-so-high level of economic freedom. It has, therefore, been the endeavour of countries to have better business regulations that make it easier for firms to do business in the economy.

In was in this vein that the landmark Insolvency and Bankruptcy Code, 2016 (Code / IBC) was enacted on 28^th May, 2016. Starting from the implementation of the Code, setting up of new organisation and complete infrastructure to handle insolvency activities, the Indian regulatory environment for insolvency and bankruptcy of corporates, has witnessed a remarkable transition from an archaic resolution and liquidation process to a modern one attempting and facilitating faster resolution of distressed companies and assets.

It is well known fact that evidentiary or research-based foundations for policy making, devoid of discretion, fosters transparency and helps in bringing complete harmony between policy initiatives and market expectations. To bridge the gap between theory and practice, it is important to analyze the practical cases and examine the need to make changes in theory. In an evolving area of insolvency and bankruptcy, there is a need to analyse literature and market information to assist future policy making. Research plays a great part in this. Study of the practices in jurisdictions across the world would further help to understand the situation and to build best practices under the law.

Academic knowledge, empirical evidence from rigorous analysis and expertise can help inform, design, improve and test policy and ultimately make government policy better. Rigorous research can bring evidence to support policy makers in addressing challenges. Thus, this conference is a forum for academic researchers, professionals, stakeholders and policy makers to discuss on the impending issues on making IBC more effective institutional mechanism.

This conference is inviting research papers in the area of corporate finance, distress, resolution mechanism, valuation issues and protection of multiple stakeholders.

TOPICS OF THE CONFERENCE:

his conference will bring together an exciting programme with the right mix of expert guest speakers/ knowledge leaders and academics from the field(s) of corporate distress, restructuring and insolvency. The international conference will bestow us with an opportunity to understand the importance and impact of IBC in its totality through multi-disciplinary research papers. In addition, the proposed theme lecture(s) by eminent resource person(s) will set the tone of the conference and the panel discussions will enlighten us with latest insight, knowledge and thought leadership, focusing not only on financial and legal aspects but also on artificial intelligence (AI), ethics, the future of the IBC and more.

Interdisciplinary research that aims to understand the financial, legal, economic, behavioural and management aspects of the IBC are encouraged. A field wise classification of potential research topics under the Indian insolvency and bankruptcy space i.e., in relation to the IBC is listed below. Several studies maybe inter-disciplinary in nature and therefore cannot be isolated to fall under a single field of study and researchers are encouraged to explore the interdisciplinary nature as well. The suggested groupings of proposed studies is as under:

ECONOMIC AND FINANCIAL:

1. Impact of IBC on credit channels and bond markets
2. Sectoral analysis of effectiveness of IBC
3. IBC and economic growth
4. Developing a framework for assessing outcomes of insolvency regimes
5. COVID-19 and its impact on corporate distress and Bankruptcy
6. Early warning of stress in corporate sector
7. Managing Interim Finance
8. Resolvability Assessment Framework
9. Stress in MSME sector and pre-packs
10. Risk assessment of small and micro businesses
11. Role of Asset Reconstruction Companies as resolution applicant
12. NPA v/s default: Co-relation and time lag
13. Avoidance actions to cleanse the business
14. Propensity, retention and attrition scoring
15. Applications of ML/AI, textual analysis and big/alternative data to predict bankruptcy
16. Credit rating and insolvency
17. Information systems, accounting and auditing in predicting financial distress and bankruptcy.
18. Economic benefits from adoption of cross border regime.
19. Impact on credit market

LEGAL:

1. Balancing interests of stakeholders under processes under the Code
2. Legislative framework for cross border insolvency: Lessons for India
3. Need for a separate framework for insolvency of real estate companies
4. Comparative analysis of insolvency laws across the globe
5. Group Insolvency
6. Streamlining the processes under the Code
7. Role of mediation in the insolvency process across the jurisdictions
8. Assessing section 29A of the IBC.
9. Evolving jurisprudence on avoidance transactions and personal guarantors and way forward

BEHAVIOURAL:

1. Observing and measuring behavioral change among stakeholders of IBC
2. Technological developments and integration with IBC
3. Development of platform for distressed assets
4. Interaction of IBC and its pillars (IBBI, Information Utilities, Insolvency Professionals, Adjudicating Authority)

MANAGEMENT:

1. Effectiveness of IBC’s institutional structures – IBBI, IPs, AA, and IUs
2. Interaction of IBC with other laws (FEMA, SEBI, Arbitration and Conciliation Act)
3. Fairness and equity in corporate processes under the Code
4. Developing a market for distressed assets
5. Corporate disclosures in predicting corporate default and failure
6. Promoting entrepreneurship

MISCELLANEOUS:

1. Climate change and credit risk
2. International conflict/geopolitics and credit risk

VENUE:

Conference will be held physically at the Indian Institute of Management Bangalore campus during 23^rd to 25^th February, 2023.

PARTICIPANTS:

The conference is open to individuals from all disciplines interested and involved in insolvency and bankruptcy process and its multi-disciplinary issues. Conference organizers encourages, professionals and scholars to participate and present their papers in any of the topics listed above.
There is no participation fee. Professionals, scholars, and students can also register and participate in the event without presenting the paper.

ACCOMMODATION:

A number of accommodation facilities with varying budgets (single occupancy / twin sharing basis) are blocked for the conference purpose. Participants who are availing accommodation will have to pay and settle with the conference secretariat. Accommodation will be provided to participants on first come first basis. Interested participants may write to ibbiconf@iimb.ac.in for details. However reasonably hygienic accommodation facilities are available in the close vicinity of IIMB.

CONFERENCE FACILITIES:

All the registered participants will be given conference materials, and food and snacks for three days. Participation certificate will be issued on request.

RESEARCH SCHOLARSHIP:

A limited number of funding is available for Ph.D. (Doctoral) scholars who are currently working on insolvency and bankruptcy topics associated with universities and institutes. Those who wish to avail the funding are requested to write to research@ibbi.gov.in.

The research scholarship is worth ₹ 10,000 consolidated per research paper. Ph.D. students researching in the insolvency and bankruptcy space will have to submit the following documents.

1. Ph.D. enrolment letter on college / university letter head duly signed by the Ph.D. student and the supervisor. The enrolment letter should state your full name and details of the Ph.D. course being pursued. It should be duly stamped with the university seal.
2. A no objection letter on university letterhead duly signed by head of department with university seal.

NOTE: The sum shall be awarded on completion of conference; and meeting all submission as per timelines.

SUBMISSION PROCEDURE:

Submission Procedure

Interested applicants wishing to present original research paper should send a 1000-1500 research proposal to research@ibbi.gov.in by 15^th September, 2022. The first page of the proposal must include the following details

1. The title of the paper
2. Full names of all the authors and affiliations (maximum 3 authors); and
3. Email addresses and contact numbers of all authors.

The proposal should include the theories / issues, research methodology, data sources and analytical tools to be used. The organising committee will evaluate the proposals and shortlist the accepted proposals by 7^th October, 2022. On approval of the proposal, the applicants will be required to submit their full research papers in 8000-12000 words in English by 16^th December, 2022. Word limit should be strictly adhered to.
The final acceptance of full papers will be notified to applicants by 16^th January, 2023.
All parties involved in the research must adhere to certain standards of ethical behaviour.

Authors should ensure that:

1. The paper is based on research work that is original. Anything that compromises originality of the work should be avoided. The paper must avoid plagiarism in all and any form
2. it does not include content that is copied or reproduced from other works without appropriate attribution;
3. the paper discloses the source of all data used;
4. the paper is fully referenced, cited or quoted where works of others are used; and
5. the paper is not submitted for review /publication, in whole or in part, elsewhere concurrently while the paper is submitted for consideration as part of this conference.

Selected presenters will be required to present their papers at the conference. There will be two Best Paper Awards given at the conference. The selection of the awards will be carried out by the expert committee comprising of academics and IBBI professionals.

After the conference, the authors shall submit the final paper that gives due consideration to all comments and feedback received during the conference by 16^th March, 2023. The final set of selected papers will be either hosted in the IBBI website or published as a book. Presenters, if they so wish, would be free to get the work published in any journal with appropriate citation.

IMPORTANT DATES:

CONFERENCE LANGUAGE:

The conference proceedings will be in English/Hindi. No simultaneous translation will be available.

FOR MORE INFORMATION:

CLICK-

https://ibbi.gov.in/2nd-International-Research-Conference-

IT/2nd%20International%20Research%20Conference%20Brochure.pdf

https://ibbi.gov.in/2nd-International-Research-Conference-IT/index.php

research@ibbi.gov.in

https://ibbi.gov.in/en