The meaning of bankruptcy, as beautifully quoted by Joey Adams, “is a legal proceeding in which you put your money in your pant pocket and give your coat to your creditors”. Our guest speaker S K Gupta, who is a member of Capital market, Corporate affairs and Banking & Finance, on 11th Dec 2020, gave an insightful knowledge about Indian Bankruptcy Code, its features and how it’s going to impact our economy. With all the information shared by sir through PPT was quite insightful and the potential learner students really had a good information from this session from small topics to high technical terms as well its operation. As the topic was about the Bankruptcy code so learning from the event was very insightful about the Indian banking industry and how this law will seek to consolidate, by creating a single law for insolvency and bankruptcy. S K Gupta also talked about how it’s going to impact the economy good/bad. From his first bankernal session, students got a vast knowledge about this sector its some of laws and consolidation procedures.