New Delhi : The Indian Institute of Corporate Affairs (IICA), under the Ministry of Corporate Affairs, Government of India, inaugurated the Eighth Batch (2026–28) of its flagship Post Graduate Insolvency Programme (PGIP)on Tuesday.
The programme welcomed participants from diverse professional backgrounds and was attended by distinguished members of the insolvency ecosystem, faculty members, senior officers of IICA.
Delivering the Inaugural Address, Justice Ashok Bhushan, Former Chairperson of the National Company Law Appellate Tribunal (NCLAT) and former Judge of the Supreme Court of India, underscored the transformative impact of the Insolvency and Bankruptcy Code (IBC), 2016, describing it as one of India's most significant economic reforms. He noted that the Code replaced a fragmented legal framework with a comprehensive insolvency regime that has evolved through seven legislative amendments and numerous regulatory reforms. Justice Bhushan encouraged the participants to develop the habit of studying landmark judgments and undertaking continuous legal research, emphasizing that judicial precedents are indispensable learning tools for every insolvency professional.
In his Keynote Address, Ravi Mittal, Chairperson, Insolvency and Bankruptcy Board of India (IBBI), reminded the participants that the programme is not merely intended to create employment opportunities but to produce competent Insolvency Professionals and Resolution Professionals capable of leading complex corporate restructuring assignments. He highlighted the importance of adhering to statutory timelines prescribed under the IBC and maintaining the sanctity of the law. Explaining the growing importance of the Corporate Insolvency and Individual Insolvency Resolution Processes (CIIRP), he encouraged the participants to understand their practical implementation and prepare themselves to lead distressed enterprises as effective turnaround professionals.
Welcoming the participants, Gyaneshwar Kumar Singh, Director General & CEO, IICA, described PGIP as the Institute's flagship capacity-building initiative that has played a pioneering role in developing India's insolvency ecosystem since its launch in 2019. He highlighted several innovations introduced in the programme, including an enhanced focus on research, analytical skills, AI-enabled learning, financial modelling, structured finance and ethics. Stressing that ethics remains the foundation of the insolvency profession, he encouraged the participants to continuously upgrade their knowledge and remain responsive to technological advancements while recognising that no technology can substitute integrity, sound judgment and hard work. He also announced institutional recognition for excellence in research to foster a culture of academic inquiry among the participants.