In the News
It has been the constant endeavour of our LLP as well as the partners and the members of the advisory board to disseminate legal information and impart knowledge on issues of corporate as well as individual significance.
Starting this edition, we bring you the various forums / seminars / conferences where partners of AKM LLP and senior advisory board members addressed the gathering
Decoding the Insolvency and Bankruptcy Code
27th April, 2019
A special programme was organised by the Indo-Japan Chamber of Commerce and Industry for on Friday, [27th April, 2019] to asses the impact of the insolvency law on payables and receivables.
Mr.KK Balu, former judge, Company Law Board and Senior Legal Advisor at A K Mylsamy & Associates, and Mr.PS Suman, Corporate Lawyer, A K Mylsamy & Associates lucidly explained what the law entails while also shedding light on the merits and demerits of the current Code.
IBC 2.0 Initial hiccups; the way forward
18th March, 2019
Mr.K.K. Balu head the panel discussion on “IBC 2.0 – the initial hiccups and the way forward” in National e-Governance Services Limited (NeSL) on 18th March, 2019.
The focus of his discussion was on the initial challenges faced in interpreting the legislation on insolvency and also how we need to look ahead in its effective implementation.
Insolvency and Bankruptcy Law – impact on Receivables Management
19th February, 2019
On 19th February, 2019 Mr. K K. Balu and Mr. P.S.Suman addressed members of the NASSCOM on the Insolvency and Bankruptcy law and its impact on Receivables Management. Mr. Balu spoke in detail about (a) concept of financial creditors & financial creditors, (b) priority in settlement of dues of corporate debtors, (c) defence available to members when proceedings are initiated under the Code, (d) recent case laws rendered by NCLT/NCALT/Supreme Court in connection with the Code, (d) recent amendments etc.
Mr. Suman gave an account of the objects and purpose of the Code, various recovery measures available to members of NASSCOM on recovery of receivables. He also touched upon the practical aspects of operational creditors and financial creditors and gave presented a detailed analysis of the implications of the Code on corporate debtors and preventive measures to be adopted by members to escape from the consequences of the Code. He rounded off by sharing data on the current status of the IBC proceedings.
Prevention of Sexual Harassment at workplace
18th September, 2018 & 6th March, 2019
Ms. Subathra Mylsamy addressed at the management, staff and employees of Derby Clothing Pvt ltd on 18th September, 2018 and Stella Maris college on 6th March, 2019 on the legislation – the Prevention of Sexual Harassment at workplace. While addressing the basics of the legislation, she spoke about the all important aspect of the Act – when to say “NO” and the methods of dealing with sexual harassment at work place.
While throwing light on instances of sexual harassment, she dealt with how big corporates deal with such cases. Issues such as setting up an internal complaints committee, initiatives of the government and creating awareness amongst people were identified as the need of the hour.
IBC and its impact on the Real Estate sector
28th June, 2018
Mr.KK.Balu, Mr. AK. Mylsamy and Mr. PS Suman addressed CREDAI organization on the matters of insolvency and bankruptcy code and its impact on the Real Estate Sector on 28th June, 2018.
Insolvency and Bankruptcy: Launch of a Knowledge and Research Portal
20th April, 2018
www.IBCcases.com is an exhaustive knowledge and research portal on the law of Insolvency and Bankruptcy which provides ease of access to a user-friendly interface. IBCcases.com has a repository of case laws along with a brief and concise summary of all cases.
IBCcases.com is a knowledge sharing initiative of A.K. Mylsamy and Associates LLP (AKM), a corporate law firm based in Chennai and has offices in Delhi and Coimbatore. AKM is spearheaded by its managing partner Mr.A.K. Mylsamy and traces its roots to the year 1964. The firm takes pride in having Mr. S. Balasubramanian who is the former chairman and judge of the Company Law Board and Mr. K.K. Balu who is the former vice-chairman and judge of the Company Law Board as part of their team besides other senior professionals.
AKM specializes and has a full-fledged practice in the Insolvency and Bankruptcy Code (IBC). IBC is a game changer and has far and wide-reaching impact on the Industry. The firm is well positioned to deal with IBC due also because of its pedigree and its established team.
With IBCcases.com, AKM has carved a niche for itself. A team at AKM tracks every order passed by the twelve Benches of the National Company Law Tribunals, the National Company Law Appellate Tribunal and the Supreme Court of India. AKM started this exercise to become abreast of developments of this important law across India and has now shared their knowledge through IBCcases.com to enable corporates and professionals such as lawyers, Insolvency Resolution professionals, Company Secretaries, Chartered Accountants etc., to freely access the large database of IBC cases for their use.
AKM’s team not only consists every order for a quick and easy appreciation of a case but also enables the filtering of and viewing of orders court wise, creditor wise, topic wise etc., The website also provides a search option to identify cases with ease. The entire original order of all courts are also provided side by side to enable professionals to use such orders as precedents.
To find precedents with adroitness, IBCcases.com provides a comprehensive and easy to use interface on Insolvency and Bankruptcy Law. It makes legal research simple relevant, easy and fast.
AKM has soft-launched IBCcases.com which has been received well by its users. The Chairperson of the Insolvency and Bankruptcy Board of India has formally launched IBCcases.com in a grand event at Chennai called ‘Insights 2018’. AKM proposes to hold annual events where experts will focus on an in-depth analysis of a particular law.
AKM’s first knowledge sharing initiative started through their fortnightly e-newsletter ‘The Law Tree’ which is their unique newsletter and a first of its kind in several aspects which aims at spreading legal awareness by way of interesting articles, podcasts, infographics, illustrations, interviews, quotes etc…