The landscape of insolvency and valuation has undergone a dynamic transformation in recent years, catalyzed by the profound influence of the Insolvency and Bankruptcy Code of 2016. The enactment of the Insolvency and Bankruptcy Code (IBC) 2016 in India has heralded a new era in the country's corporate and financial landscape. Since its inception, the IBC has achieved significant milestones, revolutionizing the insolvency resolution process and playing a pivotal role in fostering growth and stability within the Indian economy. As market complexities continue to evolve, there arises an imperative to enhance and fortify the insolvency ecosystem to effectively serve public interests.

Valuation assumes a critical role within the framework of insolvency, serving as a linchpin upon which the success of the entire process hinges. Accurate valuations facilitate transparent negotiations and aid in the formulation of effective resolution plans, ensuring fair treatment of all parties involved. Ultimately, by providing a clear understanding of the financial landscape, valuation contributes significantly to the success of insolvency proceedings, enabling the maximization of value for all stakeholders. This pivotal role played by valuation in the overarching success of insolvency proceedings has catalyzed the enactment of Section 247 in the Companies Act 2013 and the introduction of The Companies (Registered Valuers and Valuation) Rules, 2017. These legislative measures have been implemented to regulate and foster the development of the valuation profession within the country, underscoring the critical importance of standardized valuation practices in navigating the complexities of insolvency resolution.

The development of Valuation Standards for the Securities or Financial Asset class by the Institute of Chartered Accountants of India (ICAI) has further significantly strengthened and streamlined the valuation ecosystem thereby strengthening the overall insolvency framework. These standards provide a robust framework for valuation professionals, enhancing transparency, consistency, and reliability in the valuation process. By adhering to these standards, stakeholders are able to make informed decisions, thereby facilitating smoother insolvency resolutions and maximizing value extraction.

Amidst an era characterized by heightened interconnectivity of global economies and amidst fluctuating global financial uncertainties, the IBC has emerged as a cornerstone for maintaining economic stability and instilling confidence in the business ecosystem. The proliferation of Insolvency and Valuation Professionals along with other stakeholders actively engaged in the resolution process underscores their indispensable role in ensuring economic resilience, extending their influence across the intricate economic value chain.

In alignment with our vision to promote and understand global best practices, and following the resounding success of the inaugural RESOLVE Convention in the year 2023, the Institute of Chartered Accountants of India (ICAI) through its Insolvency & Valuation Standards Board (I & VSB) in association with Indian Institute of Insolvency Professionals of ICAI and ICAI Registered Valuers Organisation hosted by Northern India Regional Council of ICAI proudly presents RESOLVE-2024: An International Convention on Insolvency and Valuation, themed "Enabling Resolution Maximizing Value," scheduled on 12 th - 13 th July at [Venue name], New Delhi.

In its second edition, “RESOLVE 2024” promises to serve as an even more compelling platform for the exchange of best practices in insolvency and valuation on a global scale. Professionals from across the globe will have the unique opportunity to learn and share best practices and developments in the sphere of insolvency and valuation. The convention will facilitate networking opportunities and deep insights, fostering interactive discussions and cross-jurisdictional experience sharing with practitioners from diverse backgrounds.

Against the backdrop of prevailing global economic uncertainties, exacerbated by inflationary pressures and fluctuating interest rates, “RESOLVE-2024” assumes unparalleled significance. It serves as a guiding light, offering an unrivalled platform to delve into sector- specific intricacies and glean invaluable lessons from diverse countries' prevailing and emerging best practices in the field of insolvency and valuation. With esteemed luminaries gracing the stage as speakers and thought leaders, “RESOLVE-2024” endeavors to inspire innovation within the professional fraternity, urging them to transcend conventional boundaries and meticulously prepare for future challenges.

We invite you to seize this unique opportunity to equip yourselves with the knowledge, insights, and connections necessary to gain a distinct competitive edge within the dynamic realm of insolvency and valuation. Join us at RESOLVE-2024, where the future of insolvency and valuation awaits.