States showcase Best Practices in Digital Health at NHA Chintan Shivir (See 'Corp Brief') PMLA - Cricket betting involves cheating, which constitutes predicate offence under Prevention of Money Laundering Act, 2002, when FIR is registered for scheduled offences such as Section 420 IPC: SAFEMA (See 'Legal Desk') Chouhan reviews Kharif preparedness (See 'Corp Brief') CAQM reviews enforcement actions across NCR (See 'Corp Brief') PMLA - If actual tainted property or proceeds of crime are not traceable or available, authorities are empowered to attach alternative attachable property or untainted property of person involved: SAFEMA (See 'Legal Desk') Duty-free access secured under TEPA for range of agricultural & allied products in Norway (See 'Corp Brief') Ministry of Coal launcing aution towards resilient and globally competitive coal ecosystem (See 'Corp Brief') NLDSL Sign MoU to digitize logistics landscape in Maharashtra (See 'Corp Brief') Kavach: Indigenous Technology at Heart of Safety Ecosystem & GPS-Based Fog Devices and Digital Stations (See 'Corp Brief') SHANTI Act, 2025, to scale India's nuclear capacity to ensure long-term energy security and meet Net Zero targets (See 'Corp Brief') Ayush Chintan Shivir 2026 inaugurated (See 'Corp Brief') A&C - Appeal u/s 19 of Contempt of Courts Act, is not maintainable against order that merely calls for documents & details to ascertain whether there has been violation of status quo order: HC (See 'Legal Desk') Union Govt Secy reviews status of Brackish water Aquaculture cluster notified under PMMSY (See 'Corp Brief') Benami - PBPT Act, 1988 cannot be invoked as substitute to hold parties accountable for alleged violations of IRDAI regulations or any fiscal statutes: SAFEMA (See 'Legal Desk') FIU-Pension Fund Authority sign MoU to combat money laundering and financial crimes (See 'Corp Brief') Union Ministry of Health hosts First BRICS Health Working Group Meeting (See 'Corp Brief') AIIA-iCAINE Marks Excellence at MSME Hackathon 5.0 with Breakthrough Idea Selection (See 'Corp Brief') IBC - Once classified as operational debt, municipal dues cannot claim priority outside statutory waterfall mechanism provided u/s 53 of IBC, 2016, during liquidation: HC (See 'Legal Desk') Nationwide 'Nari Shakti Vandan Run' to be held on 17-18 April across 7 Cities (See 'Corp Brief') NBCFDC Registers Record Performance in FY 2025-26 (See 'Corp Brief') DDWS organises 7th District Collectors' Peyjal Samvad (See 'Corp Brief') IPR - Notices contemplated u/s 25(3) of Trademark Act and RG-3 notices to person who is no longer authorized agent does not constitute compliance with statutory mandate: HC (See 'Legal Desk') Corporate laws (Amendment) Bill 2026 - Proposals affecting auditors (See CORP EINSICHT) NIPER Mohali signs grant agreement with Novartis Healthcare (See 'Corp Brief') NFDC announces Nationwide Release of Malayalam Feature Film Achappa's Album (See 'Corp Brief') IPR - Application of trade mark in India to goods to be exported from India constitutes use within India of trade mark for purpose of establishing infringement and passing off: HC (See 'Legal Desk') MoS calls for Strong Clinical Foundation in Medical Education, notwithstanding AI (See 'Corp Brief') IPR - To determine passing off, focus must be on similarities rather than dissimilarities, and meticulous side-by-side dissection is not necessary and trade dress has to be judged as whole: HC (See 'Legal Desk') India Pharma 2026: Spotlight on Policy, Regulation, AI and CRDMO (See 'Corp Brief') MY Bharat Budget Quest 2026 reaches Grand Culmination Across 17 Zones (See 'Corp Brief') IBC - Multi-state co-operative society can invest in another company, including as resolution applicant under IBC, only if target company is either its subsidiary or engaged in same line of business: SC (See 'Legal Desk') India Pharma highlights Policy Push and Innovation Driving Sectoral Growth (See 'Corp Brief') IBC - Once moratorium is imposed, corporate debtor's pre-CIRP dues cannot be set off against deposit held by creditor: SC (See 'Legal Desk') Ministry of Labour signs MoUs with Porter and Gigin Technologies (See 'Corp Brief') FEMA - SCNs alleging contravention of provisions of FERA merit being quashed, where issued after unjustified delay of 7-10 years, more so where record retention norms generally require preservation for 5-8 years: HC (See 'Legal Desk') Medicine is not just profession, it is a commitment to service of humanity: Murmu (See 'Corp Brief') Misc - Once Freezing Authority identifies properties and forms opinion that they are acquired from illicit source of money derived from drug trafficking, burden of proof shifts entirely onto affected persons to controvert allegations: SAFEMA (See 'Legal Desk') Union Minister jighlights Nari Shakti Vandan Adhiniyam as Transformative Reform (See 'Corp Brief') Bizu Festival Celebrations highlight Cultural Pride and Policy Dialogue on Tribal Development (See 'Corp Brief') India, Kuwait emphasize Dialogue Over Conflict to Secure Energy and Trade Supplies (See 'Corp Brief') Misc - There is no right in borrower to personal hearing by banks before classifying their account as fraud account: SC (See 'Legal Desk') Manohar Lal holds Key Engagements on Infrastructure and Development Cooperation (See 'Corp Brief') CARI Bengaluru gets ISO 15189:2022 Accreditation in Biochemistry (See 'Corp Brief') NI Act - At stage of issuance of process, statutory presumption u/s 139 of NI Act cannot be dislodged in summary manner merely by contending that cheque issued was not for legally enforceable debt: SC (See 'Legal Desk') Barabanki to Bahraich Highway to become Key Cross-Border Trade Lifeline (See 'Corp Brief') Advanced Agriculture fest kicks off in Raisen in MP (See 'Corp Brief') PMLA - Sec 2(1)(u) permits attachment of any property of equivalent value, including properties acquired prior to commission of scheduled offence, which are untraceable: SAFEMA (See 'Legal Desk')

Print

IICA inaugurates 6th batch of Post Graduate Insolvency Programme

Published: Jul 10, 2024

 

By TIOLCorplaws News Service

NEW DELHI, JULY 10, 2024: THE Indian Institute of Corporate Affairs (IICA), Ministry of Corporate Affairs, inaugurated the sixth batch of its flagship Post Graduate Insolvency Programme (PGIP) in Manesar, on 8th July 2024. The ceremony was graced by distinguished luminaries including Hon'ble Justice S. Ravindra Bhat, Judge, Supreme Court of India (Retd.), Dr. Ajay Bhushan Prasad Pandey, Director General and CEO, IICA & Chairperson of National Financial Reporting Authority, Dr Alok Srivastava, Former Technical Member, NCLAT, Sudhaker Shukla, Whole Time Member of IBBI, and Dr. K.L Dhingra, Head of the Centre for Insolvency and Bankruptcy at IICA.

In his inaugural address as the Chief Guest, Hon'ble Justice S. Ravindra Bhat highlighted the journey of IBC over the last eight years and compared the objectives of IBC, 2016 with RDB Act 1993 and SARFEASI Act 2002 and how the earlier laws were fragmented. The role of NCLT, NCLAT, CIRP, the role of IPs under IBC and its unified & time-bounds process were highlighted. The Hon'ble Justice also spoke about the importance of an efficient resolution process, prioritisation, and the importance of CIRP over Liquidation. The Chief Guest also flagged the challenges before the IBC, 2016 such as timely resolution, infrastructure issues, resolution and recovery etc. He further touched upon the role of IPs including the skill sets required by them such as Resolution and Negotiation Skills, Management Skills and their role in collecting claims, assets, finances, constitution of CoC, regulating the voting process in CoC and changes in credit culture post introduction of IBC 2016 in India.

Dr. Alok Srivastava, former Union Secretary, Law & Justice and former Member (Technical), NCLAT, shared his experience about the IBC matters and also highlighted the IPs role as a fulcrum in the entire resolution process. He spoke about the ease of doing business, the law of limitation, and related party transactions that were addressed in the IBC process besides covering the IBC model borrowed from the UK Common Law system.

In his address on the occasion, Mr. Sudhaker Shukla, WTM of IBBI, highlighted the observations of the Prime Minister of India on the recent occasion of the 90 th Anniversary of the RBI wherein the PM spoke on the ‘strategy of recognition, resolution and recapitalisation'. He said that the problem of twin balance sheets is a problem of the past. Mr. Shukla also mentioned that the success of IBC can be seen from the number of Resolutions (close to 1000) during the current year, the number of Withdrawal of Applications under IBC and 131 percent of resolutions over liquidations from the last 8 years. He also stated that the creation of IBBI as a regulator for Insolvency and Bankruptcy and the PGIP for the young professionals are the first of its kind innovations.

Dr. K.L Dhingra, Head of the Centre for Insolvency and Bankruptcy narrated the success stories of PGIP alumni and the role of this course in the Insolvency and Bankruptcy space; and the role of ethics in the resolution process.

Earlier, in his welcome address, Dr. Ajay Bhushan Prasad Pandey, DG and CEO of IICA, spoke about the robust insolvency framework and the bedrock for a healthy credit culture it provides to creditors. He said that insolvency resolution is the key to unlocking productive assets and preventing value destruction. He also highlighted the pivotal role insolvency professionals play in maintaining public faith in the financial system. He also stated that the IBC has much larger objective of contributing to strengthening the national economy, as compared to being used as a tool for NPAs' resolution.

The inauguration of the sixth batch of the Post Graduate Insolvency Programme at IICA signifies a commitment to create young and skilled professionals for excellence and leadership in the field of Insolvency and Bankruptcy in India. The programme has been received very well by the different stakeholders in India, after its start in the year 2019.

The start of Post Graduate Insolvency Programme at IICA represents a concerted effort of IBBI and IICA to enhance knowledge and expertise in corporate insolvency and bankruptcy. It aims to equip participants with advanced skills and insights crucial for navigating the complexities of corporate restructuring and insolvency proceedings. Dr. Pyla Narayana Rao, Associate Professor, IICA proposed a vote of thanks in the programme.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.