Medilytix Bureau:
As part of the ongoing ‘Azadi Ka Amrit Mahotsav’ celebrations, the Insolvency and Bankruptcy Board of India (IBBI) organized a one day, International Conference (Virtual Mode) on “MSMEs: Legislative and Regulatory Challenges” on 3rd Feb, 2022, in association with UNCITRAL RCAP, Gujarat National Law University (GNLU) and Tamil Nadu National Law University (TNNLU).
Dr. Navrang Saini, Chairperson, IBBI addressed the participants in the inaugural session. While inaugurating the Conference, he highlighted the importance of MSMEs and its significant contribution to the Indian economy along with various challenges faced by them. He also highlighted the various initiatives taken by the Government for supporting the MSMEs. He also dwelt upon the reforms related to Insolvency and Bankruptcy Code, particularly in response to COVID-19 pandemic, specifically to ease the financial distress in MSME sector.
The Conference included four technical sessions and an international roundtable. The sessions covered issues relating to MSMEs: Legal and Regulatory Challenges; MSMEs and Indian Economy: Role of Government; MSMEs and IBC and MSMEs and Impact of COVID-19. Mr. Ritesh Kavdia, Executive Director, IBBI chaired the international roundtable.