1st RGNUL National Corporate Liquidation Process Competition is an academic initiative designed to simulate the end-to-end corporate liquidation framework under the Insolvency and Bankruptcy Code, 2016
Competition Schedule
The competition is divided into three distinct phases:
Written Submissions: Due on January 24, 2026.
Mock SCC Rounds (Online): Scheduled for February 07, 2026.
Mock NCLT Hearing (In-Person): Scheduled for February 21, 2026, on the University campus.
Structure and Stages
The competition progresses through three stages, each testing different professional skills:
1. Written Submission Stage
Teams of two participants, acting as Co-Liquidators, must prepare two statutory reports based on a provided factual proposition:
Preliminary Report: Captures initial liquidation assessments, including capital structure, asset/liability estimates, and liquidation strategy. This mirrors Regulation 13 of the IBBI (Liquidation Process) Regulations, 2016.
Progress Report: Reflects execution developments, including asset realization, distribution, and fees. This aligns with Regulations 15 and 36 of the IBBI (Liquidation Process) Regulations, 2016.
2. Mock Stakeholders' Consultation Committee (SCC) Stage
Qualifying teams move to an online interaction where they must defend their reports and commercial reasoning before a panel simulating the SCC. Evaluation focuses on statutory compliance and the ability to respond to stakeholder scrutiny.
3. Mock NCLT Hearing
In this final in-person stage, teams appear before a simulated National Company Law Tribunal Bench. One team defends an Asset Distribution Plan as the Liquidator, while the opposing team challenges it as an Objecting Stakeholder.
Eligibility and Registration
Eligibility: Open to students currently enrolled in a full-time Three-Year or Five-Year Undergraduate Law Programme at a recognized institution.
Team Composition: Each team consists of two participants.
Registration: Teams must submit a completed registration form and pay the prescribed fee to receive a unique Team Code.
Submission Guidelines and Formatting
Strict Prohibitions: Plagiarism and the use of AI in any form are grounds for immediate disqualification.
Font: Times New Roman, size 12 for body text and size 10 for footnotes.
Spacing: 1.5 lines for body text; single-spaced for footnotes and headings.
Anonymity: Teams must only use their allotted Team Code. Revealing the team's identity or institution will result in disqualification.
Penalties: Late submissions incur a deduction of one mark per hour. Submissions more than 24 hours late will not be considered.
Clarifications
For any queries regarding the guidelines or the competition problem, participants can contact the organizers at cbltevents@rgnul.ac.in.
