Bharat Mobility Expo to be second largest such expo in the world: Goyal (See 'Corp Brief') MY Bharat organises Nationwide Deepotsav and Neighbourhood Youth Parliaments (See 'Corp Brief') India's Deep-Sea Exploration Is Advancing with MATSYA-6000 and Indo-French Collaboration: MoS (See 'Corp Brief') Round 2 for Surface Coal, Lignite Gasification Projects concludes with 2 Applications from NTPC (See 'Corp Brief') DRI recovers two elephant tusks weighing 3.7 kg (See 'Corp Brief') Govt holds Round Table with CPSEs on Enhancing Procurement from SC/ST MSEs (See 'Corp Brief') SARFAESI - Authority must verify statutory declarations & supporting material & on being satisfied that prescribed requirements are fulfilled, must pass appropriate orders for taking possession of secured asset - cannot adjudicate disputed questions falling beyond limited scope of Section 14: HC (See 'Legal Desk') Special Campaign: Waste Disposal generates revenue of Rs 15.74 Crores (See 'Corp Brief') IBC - Provisions of IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 contravened where RP unilaterally withdraws higher monthly fee without prior approval of CoC: IBBI (See 'Legal Desk') Delhi Railway Area handles 5 Lakh Passengers Daily - Footfall rises to 8 Lakh during festivals (See 'Corp Brief') IBC- SC exercises power under Article 142 - Borrower firm to pay further sum of 125 crores rupees as full & final settlement of all claims concerning assigned debt: SC LB (See 'Legal Desk') Legislative Department initiates Interaction Series on Personal Effectiveness in Leadership (See 'Corp Brief') National Exercise strengthens India's Preparedness for Foot-and-Mouth Disease (See 'Corp Brief') IBC - Once existence of financial debt & a default is clearly established through unimpeachable evidence & records from information utility, admission of application u/s 7 is mandatory: NCLAT (See 'Legal Desk') NHAI Guidelines to standardise Design and Infrastructure for Multi-Lane Free Flow Tolling (See 'Corp Brief') A & C - Clause 26 of Special Conditions of Contract operates as express contractual bar within meaning of Section 31(7)(a) of the Act, thereby prohibiting arbitral tribunal from awarding pre-reference & pendente lite interest: SC (See 'Legal Desk') Centre reviews progress of AB PM-JAY and ABDM with States (See 'Corp Brief') A&C - Petitioner's deliberate omission of material bank account & failure to disclose operational details, even upon specific judicial inquiry, constitutes incomplete compliance with Rule 41(2) - exercise of discretion under Rule 41(3) to issue arrest warrants is justified: HC (See 'Legal Desk') Reddy calls for expediting Mineral Exploration and Strengthening Centre-State Coordination (See 'Corp Brief') MY Bharat's 'Viksit Bharat Yuva Samvad: Know Your Vote' Campaign reaches Over 1 Lakh Youth (See 'Corp Brief') PBPT - Intention behind benami arrangement may be inferred from surrounding circumstances & material on record, even where such intention is not established through direct evidence: Tribunal (See 'Legal Desk') Ministry of Mines launches 9th Tranche of Critical Mineral Block Auction (See 'Corp Brief') Union Health Minister reviews progress of AIIMS Awantipora; directs expeditious completion (See 'Corp Brief') Competition Act - Relief being of the nature of final relief cannot be sought at a stage when the matter is being investigated by the DG: CCI (See 'Legal Desk') BRE Summit & Expo 2026 reinforces India's Position as Major Global Force in Renewable Energy: Joshi (See 'Corp Brief') A&C - Judicial intervention in arbitral proceedings is warranted only in exceptional cases, such as where party is left remediless under the statute or where clear bad faith is established: HC (See 'Legal Desk') An unsuccessful 'success fee' litigation (See CORP EINSICHT)

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IICA launches Samarthya: National Competition on Corporate Rescue Strategies 2025

Published: Mar 24, 2025

By TIOLCorplaws News Service

NEW DELHI, MAR 24, 2025: THE Indian Institute of Corporate Affairs (IICA) inaugurated Samarthya: National Competition on Corporate Rescue Strategies 2025 on March 22,2025 at its campus in Manesar, Haryana. Taking place on March 22nd and 23rd, 2025, the programme offers a dynamic platform for students to devise innovative turnaround strategies for businesses facing financial distress.

The event emphasizes practical learning and strategic thinking in corporate rescue, providing participants with hands-on experience in navigating real-world financial distress scenarios. Participants will analyse financial statements, develop corporate rescue strategies, and present their solutions to a panel of esteemed judges. Additionally, they will engage with insolvency professionals, legal practitioners, and business leaders through panel discussions and networking opportunities. The competition offers valuable industry exposure, expert feedback, and the opportunity to gain recognition for their innovative solutions.

The inauguration ceremony commenced with the traditional Lighting of the Lamp, performed by distinguished judges of the event and dignitaries on the dais, symbolizing the formal commencement of the competition by an introduction by the Student Convenors for the event, Ayushi Agarwal, Eepsa Bansal, and Harshitha Ulphas.  Following this, Dr. Pyla Narayana Rao, Course Director and Head of the School of Corporate Law, delivered the Inaugural Address, emphasizing the significance of corporate rescue strategies in ensuring business sustainability and financial resilience.

Pavithra Ravi, Professor at Gujarat National Law University, delivered the Opening Remarks, offering insights into the competition's objectives. A video message from Mr. Kapileshwar Bhalla, LL.M Faculty, encouraged participants to apply their financial knowledge, critical thinking, and problem-solving skills. He extended his best wishes to all participants and applauded the organizers for their efforts in making the event a success.

The ceremony concluded with a Vote of Thanks by Mr. Pramod Jangra, Course Coordinator of LL.M (IBL) at IICA, who expressed gratitude to all speakers, participants, and organizers for their contributions.

The competition will challenge students with practical case studies simulating real-world financial distress scenarios. Participants will be evaluated based on the feasibility, innovation, and strategic insight demonstrated in their proposed solutions. Through this platform, IICA aims to nurture the next generation of corporate leaders equipped to address complex financial challenges.

Dr. Ajay Bhushan Pandey, DG & CEO of IICA, extended his best wishes for the success of the event.

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