National Corporate Liquidation Process Competition | IBLD-CBLT | RGNUL Patiala | Register by 1st Jan 2026
The Rajiv Gandhi National University of Law (RGNUL), Punjab, was established by the State Legislature of Punjab. The Act incorporated a University of Law of national stature in Punjab to fulfill the need for a Centre of Excellence in legal education in the modern era of globalization and liberalization. Recently, the University has earned the coveted status of being one of the top-ranking law teaching institutions in the Country. Over 1000 students acquire state-of-the-art legal education in a well-furnished and fully developed residential campus which boasts of all necessary infrastructural and manpower facilities for the all-around growth of the students. RGNUL is currently emphasizing research, training, and consultancy in various areas of contemporary interest. It is envisaged to be a research-intensive university in the times to come.
The Centre for Business Laws and Taxation (CBLT) is one of the Rajiv Gandhi National University of Law, Punjab’s flagship centres. The Centre aims to further its objective of bridging the gap between the theory and practice of corporate law. It is established to promote comparative research and discussion in corporate law. It focuses on analyzing current policy approaches in various areas of corporate laws such as corporate governance, insolvency law, mergers and acquisitions, taxation, etc. It plans to streamline the process of learning through academic courses, programs, and publications. It also focuses on identifying the gaps between industry and academia through effective joint research. The Centre follows a multi-disciplinary approach to recognizing problems in the field of corporate laws and endeavours to engage in dialogue to facilitate changes in it. It is based on establishing a culture of discussion on corporate laws in the country by educating the next generation of lawyers and law students.
The IBLD is a specialized division with a singular focus on restructuring and insolvency laws in India and beyond. Recognizing the growing importance of this specialized legal area, IBLD aims to deepen understanding, foster research, and contribute to the development of effective insolvency practices. By bringing together experts, scholars, and practitioners, the IBLD will be at the forefront of exploring the complexities of insolvency law and its impact on the business landscape. To achieve these objectives, IBLD conducts a range of academic and professional activities including credit courses, public lectures, and roundtables. It actively collaborates with key governmental and quasi-governmental institutions such as the Insolvency and Bankruptcy Board of India (IBBI), National E-Governance Services Ltd. (NeSL), and other stakeholders. Additionally, the division publishes scholarly and policy-oriented pieces, contributing to both academic discourse and practical reform in the field.
The 1st RGNUL Corporate Liquidation Process Competition (“Mock Liquidation Competition”) is designed to simulate the end-to-end corporate liquidation framework under the Insolvency and Bankruptcy Code, 2016. Each team, comprising two members jointly acting as a single Liquidator, is required to submit two written reports based on a factual proposition: a Preliminary Report, outlining the capital structure, asset–liability estimates, proposed inquiries, and liquidation strategy as per Regulation 13, and a Progress Report, detailing quarterly developments, stakeholder settlement, asset realisation, distributions, expenses, litigation updates, and avoidance proceedings in line with Regulations 15. These reports mirror real statutory compliance obligations, ensuring that participants gain practical insight into the responsibilities and decision-making expected of a Liquidator.
Following the valuation of submissions, teams proceed to the Mock Proceedings, where both participants continue acting jointly as the Liquidator. The first oral phase is an online Mock Stakeholders ’ Consultation Committee (SCC) meeting, in which teams must defend their valuation choices, claim treatment, liquidation strategy, and commercial reasoning before an SCC-style panel. The second phase is an in-person Mock NCLT Hearing on the RGNUL campus, conducted after the release of an Asset Distribution Plan. Here, one team argues as the Liquidator while the opposing team acts as an Objecting Stakeholder, presenting arguments on the statutory waterfall, claim priority, valuation, fairness, and procedural compliance.
The Competition will be conducted in two phases:
Stage-1: Written Submissions
Teams (acting jointly as Liquidators) will submit two documents based on the factual proposition: A Preliminary Report and a Progress Report, mirroring real requirements under the IBBI (Liquidation Process) Regulations. This round tests the team’ s understanding of liquidation workflows, statutory compliance, and strategic decision-making at the documentation stage.
Stage-2: Mock Proceedings
The top teams will proceed to an interactive oral phase consisting of two proceedings: a Mock Stakeholders’ Consultation Committee Meeting, followed by a Mock NCLT Hearing. This round assesses advocacy skills, practical reasoning, stakeholder management, and the ability to defend liquidation decisions under scrutiny.
Registration Fee – Rs. 2000/- + GST
Last Date for Registration- 1 January 2026
Release of Problem- 2 January 2026
Stage-1: Written Submission- 2 January 2026
Stage-2: Mock SCC Rounds (Online)- 7 February 2026
Stage-2: Mock NCLT Hearing (Offline)- 21 February 2026
For further details, please find attached the Brochure for the competition.
For any queries, please feel free to contact the undersigned –
Mr. Harsh Bansal: (+91) 7840097272
Mr. Akshat Verma: (+91) 7004654335
Convenors, IBLD-CBLT
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