SECL organizes first 'Sneh Milan Mela to build stronger Community Relations (See 'Corp Brief') A&C - Eviction of tenants governed by Rent Control Act can't be sought u/s 9 of Arbitration & Conciliation Act, particularly if they are not parties to Development Agreement executed between Developer and Landlords: HC See 'Legal Desk') IBC - Details and additional explanation provided by Mr. Akash Shinghal is insufficient to justify alleged legal fees incurred by him which leads to suspesion of registration: IBBI See 'Legal Desk') MoU for deepening cooperation & peace as enshrined in teachings of Buddha (See 'Corp Brief') Reddy launches Website to strengthen Non-Ferrous Metal Recycling Ecosystem (See 'Corp Brief') C-DOT & CSIR-NPL sign MoU for research in Classical & Quantum Communications (See 'Corp Brief') SARFAESI - provisions of Section 14 of the Act mandatorily require DM to consider an application filed u/s 14 of the Act, within 30 days' time: HC (See 'Legal Desk') ECI crosses milestone of training over 2,300 field-level election functionaries (See 'Corp Brief') Central Council for Research in Ayurvedic Sciences revives 2 rare Ayurvedic manuscripts (See 'Corp Brief') IBC - Mere stamping of tax invoices at site office only indicates receipt and doesn't imply acceptance by Corporate Debtor (CD) that there was no pre-existing dispute with respect to quantum of amount payable by CD to Operational Creditor: NCLAT (See 'Legal Desk') PM Modi invites PM Starmer to visit India (See 'Corp Brief') India set to welcome 1800+ global delegates at Yashobhoomi for Space Conference (See 'Corp Brief') Insolvency and Bankruptcy Code- Mr. Kuldeep Verma had charged fees and expenses exceeding regulatory limits and these charges were not supported by requisite approvals : IBBI (See 'Legal Desk') Rijiju meets President of Vietnam Luong Cuong (See 'Corp Brief') IBC - Mr. Anil Kumar Mittal's failure to actively engage and expedite withdrawal process has resulted undue delays in withdrawal process : IBBI (See 'Legal Desk') DFS Secy reviews performance of RRBs (See 'Corp Brief') MoS visits Eastern Coalfields Limited (See 'Corp Brief') BIMSTEC and global experts meet to shape Ethical, Inclusive AI Standards (See 'Corp Brief') IBC - Proceedings u/s 138 of N I Act for dishnonour of cheque can't continue against individuals once moratorium u/s 14 of IBC is in effect: HC (See 'Legal Desk') MICE tourism is recognized as key driver for economic growth (See 'Corp Brief') Prakash Magdum assumes charge as Managing Director, NFDC (See 'Corp Brief') MoS calls for AI-led innovations (See 'Corp Brief') A&C - Procedural order given by Arbitral Tribunal, such as rejecting application seeking impleadment of party, does not qualify as interim award: HC (See 'Legal Desk') A Landmark Ruling Reshaping the IBC Framework (See CORP EINSICHT) APEDA calls stakeholders for Chintan Shivir (See 'Corp Brief') MoS for Coal and Mines reviews performance of CMPDI (See 'Corp Brief') A&C - Once arbitral tribunal is constituted, all jurisdictional and factual issues including status of non-signatories should be resolved by tribunal, not by courts, except under limited scope of review permitted by Sec 34: SC (See 'Legal Desk') WAVES as platform amplifies creative synergy between global and Indian storytellers: Co-CEO of Netflix (See 'Corp Brief') 'Driving Innovation with IP' workshop held at IISc (See 'Corp Brief') IBC - PMLA being Public Law, NCLAT did not have any power or jurisdiction to review decision of Statutory Authority under PMLA: SC (See 'Legal Desk') IICT launches strategic collaborations with Industry Leaders (See 'Corp Brief') Trade Mark Act - Defendants are trying to ruin goodwill established by plaintiffs in their CHOTIWALA trademarks and artistic works : HC (See 'Legal Desk') Mandaviya inaugurates Khelo India Multipurpose Hall in Arunachal (See 'Corp Brief') PMLA - Insolvency and Bankruptcy Code, 2016 does not affect proceedings under Prevention of Money Laundering Act, 2002 : TRIBUNAL (See 'Legal Desk')

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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