********************* THIS EVENT FOR THE YEAR 2021 HAS ENDED *********************
General
The Fourth Edition of the Insolvency and Bankruptcy Moot Competition will be held at National Law University, Delhi (NLUD) during 8-10 January 2021, online via Live Video Conferencing Session.
The Competition aims at providing an opportunity to law and management students from top universities – domestic and international – to practice and expand their knowledge in Insolvency and Bankruptcy Law. It provides a platform for students to compete in a simulated insolvency & bankruptcy proceeding, where teams represent different stakeholders. The competition is carefully structured to judge not only theoretical knowledge but also practical skills of the participating teams, competing as various stakeholders.
Format of the Moot
There will be an initial selection round based upon a memorandum to be prepared and submitted on the moot proposition. Sixteen teams shall be selected for the oral rounds. The sixteen shortlisted teams will be required to pay the registration fee. These shortlisted teams will be provided with further information and documents for the oral rounds.
Organizing Body
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The Centre for Transnational Commercial Law at National Law University, Delhi (“CTCL”) acting under the Moot Court Steering Committee (“MSC”) shall be the Organising Body for the NLUD-IBBI-UNCITRAL RCAP Insolvency and Bankruptcy Moot Court Competition, 2020 (“Competition”).
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The Moot Court Steering Committee (“MSC”) shall comprise of representatives of the organising & supporting organisations, viz, The Insolvency & Bankruptcy Board of India (IBBI), INSOL India, UNCITRAL RCAP, and the organising committee at National Law University Delhi.
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CTCL shall not be affiliated with nor assist any team registered to take part in the competition.
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MSC/CTCL:
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Has the sole discretion to: enforce all rules, interpret the rules, resolve any disputes that may arise during the competition; and answer questions about, and clarify the problem.
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Has the power to change/supplement the Rules if any changes or supplements are necessary. The Rules will be posted on the competition website, and change or supplements will be communicated to participating teams as quickly as possible.
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Has the power to modify the moot problem at any stage with prior notice to the teams.
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CTCL/MSC may, at its discretion, disqualify a team if they consider that there has been any behaviour that is considered a serious violation of these Rules or of the spirit of the Competition.
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The Organizing Committee will not evaluate any memorandum/pleadings submitted by the participating teams or the Oral Rounds in the moot; however, they will be involved in the handling, exchange and transfer of memorials as well as the organisation of oral rounds.
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Materials relevant to the administration of the Competition will be posted on the official website of National Law University, Delhi, IBBI and INSOL India.
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Any questions or enquiries about the Competition shall be made in writing (email is satisfactory) to CTCL at insolvency@nludelhi.ac.in. If a question or enquiry affects participating teams, the question or enquiry and its answer will be e-mailed to participating teams within 3 days from the receipt of the question or enquiry. This does not include clarifications sought upon the Moot Proposition.
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Each participating team shall provide one valid e-mail address to CTCL at the time of registration. All communications with CTCL that a participating team undertakes shall be through this e-mail address only. All correspondence and service of documents will be through this e-mail address only.
Time Schedule
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Events
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Dates
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Commencement of Registration
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15.08.2020
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Release of Moot Problem & Rules
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25.08.2020
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Last date of seeking Clarifications on Moot problem
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15.09.2020
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Release of Clarifications
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05.10.2020
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Last date for Registration
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10.10.2020
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Submission of Memorandum
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08.11.2020
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Announcement of shortlisted teams
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15.12.2020
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Registration Fee by Shortlisted Teams
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31.12.2020
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Oral Rounds
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08.01.2021-10.01.2021
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Finals and awards
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10.01.2021
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Team Composition
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The competition is conducted in the English language. It is open to teams from professionally accredited law schools/colleges and management schools/colleges. Each eligible college may register only one team in the Competition.
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A team can consist of no less than two and no more than four students, who shall be enrolled as full-time or part-time students of any degree in law or business, in the college/university they represent at the time of the Competition. However, no team member may have already been admitted or licensed to practice Law/CA/CS/CMA in any jurisdiction at the time of oral pleadings.
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Teams shall not alter composition or members after submission of the list of team members at the time of registration, except upon written permission of CTCL based on a showing of extraordinary circumstances. In the Oral Rounds, no substitution will be permitted after the commencement of the first argument unless the number of team members drops below two.
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The written submissions made by teams shall be the work of the student team members only.
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Each team will be assigned a team code by the organising committee. Teams shall identify themselves within their memorials only by use of this anonymous identifier. During the Oral rounds, team members shall avoid identifying their college or University to the judges.
Registration
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Each Team must register for the Moot by completing the Registration Form on or before 10 October 2020.
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The registration fee for the Moot is INR 3000 per team for national teams. The registration fee for international teams is US$ 100.
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The registration fee for the Moot is to be paid through an Online Payment Portal which shall be specified to the teams in due course, once the shortlisted teams have been notified on 07 December 2020. Such notified teams are required to email a screenshot of the online payment confirmation to insolvency@nludelhi.ac.in latest by 20 December 2020.
Language
Prizes
The tentative prizes in the form of E-certificates to be awarded are as follows:
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Winner
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Runners Up
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Best Oralist
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Best Memorial
Participation certificates to be provided only to teams that qualify for the oral rounds. Participation certificates shall not be awarded to all the team for sending their memo. However, on request, we shall be happy to provide an acknowledgement email to the respective team.
