We are deeply honored that Hon’ble Justice (Retd.) M.M. Kumar, founding President of NCLT and Chairman of AIPE’s Advisory Board, graced our Inaugural IBC Conclave 2025 at India International Centre on August 29th, lighting the ceremonial lamp to mark this historic milestone.
💡 “By lighting the ceremonial lamp, we are not merely inaugurating an event, we are illuminating a vision—a vision of collective effort, collaboration, and a renewed commitment to strengthening the insolvency resolution framework of our nation.”
Key Insights from Justice Kumar’s Address:
🏛️ On AIPE’s Mission: “The establishment of AIPE is both timely and significant. IPEs are emerging as the backbone of the IBC ecosystem, providing structure, capacity, and credibility to the insolvency profession.”
⚖️ On Collective Strength: Justice Kumar emphasized that single IPs cannot perform the vast duties of RPs singlehandedly and must have robust IPE infrastructure support to deliver effective resolutions.
📝 Call to Action: His Lordship urged AIPE and professionals to write to the Joint Parliamentary Committee requesting inclusion of IPEs in the list of service providers in the proposed IBC Amendment Bill 2025.
🔄 On Rehabilitation: A powerful message on rehabilitating blacklisted promoter directors whose companies have undergone CIRP – “They are a treasure trove of business acumen and enterprise. People with such skills are an asset for the growth of our economy.”
🎯 On the IBC Journey: “When the Insolvency and Bankruptcy Code, 2016 was enacted, it fundamentally changed the credit culture of our country, shifting India from a debtor-friendly regime to a creditor-in-control framework.”
The Vision Forward:
Justice Kumar’s blessings reinforce AIPE’s commitment to ensuring that Insolvency Professionals are not only implementers of the code but also partners in its continuous evolution. His wisdom guides us as we work toward making the IBC Amendment Bill 2025 more inclusive and effective.
As we embark on this journey, “From Code to Catalyst: IBC Vision 2030,” we carry forward Justice Kumar’s vision of collaborative excellence in insolvency practice.
🙏 Our heartfelt gratitude to Justice Kumar for his invaluable guidance and blessings as AIPE begins this transformative chapter.
Association of Insolvency Professional Entities (AIPE)
Building Excellence in Insolvency Practice