Committee on Insolvency

Objectives

People discussing financial reports
    To review Insolvency laws or legislation and processes at each member country, identifying and promoting best practices. To contribute to the strengthening of the insolvency resolution ecosystem by sharing cross jurisdictional knowledge, experience, and best practices, thereby facilitating the development of the profession of insolvency resolution. To encourage the SAFA members bodies to conduct research on the state of Insolvency, challenges encountered, required developments and best practices, while in the longer run to consolidate findings to develop best practices aligning the SAFA region and make recommendations to each legislative bodies for necessary changes. To facilitate coordinat...
    • To review Insolvency laws or legislation and processes at each member country, identifying and promoting best practices.
    • To contribute to the strengthening of the insolvency resolution ecosystem by sharing cross jurisdictional knowledge, experience, and best practices, thereby facilitating the development of the profession of insolvency resolution.
    • To encourage the SAFA members bodies to conduct research on the state of Insolvency, challenges encountered, required developments and best practices, while in the longer run to consolidate findings to develop best practices aligning the SAFA region and make recommendations to each legislative bodies for necessary changes.
    • To facilitate coordination with member bodies for the dissemination of knowledge, capacity building of members/professionals, and collaborative efforts in sharing knowledge resources, fostering networking opportunities.
    • To publish materials related to the Insolvency Laws and practices.
    • To collaborate with the member bodies on any joint activity/ initiative in Insolvency related areas.
    • To provide guidance and engagement with member bodies for their growth and effective contribution in the insolvency resolution sphere as far as it is practical.
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Committee Members

Member Body Member
CA Maldives Mr. Ibrahim Shabeen (Chairman)
ICA Bangladesh Mr. Kamrul Abedin
ICMA Bangladesh Mr. Arif Khan
ICA India CA. Gyan Chand Misra
Institute of Cost Accountants of India CMA Navneet Kumar Jain
ICA Nepal CA. Hari Kumar Silwal
ICA Pakistan Mr. M. Ali Latif
ICMA Pakistan Mr. Hamood ur Rahman
CA Sri Lanka Mr. Laknath Jayawickrama
CMA Sri Lanka Mr. Randika fernando