In News : IBBI Chairperson Launches IICA PGIP Programme Website
Analysis
- The Chairperson of the Insolvency and Bankruptcy Board of India (IBBI), Shri Ravi Mittal, launched the Indian Institute of Corporate Affairs (IICA) Post Graduate Insolvency Programme (PGIP) website at the IICA campus.
- The Chairperson assured strengthened institutional support to PGIP students and announced that one-year internship opportunities at IBBI would be explored for a few selected students.
- He also informed that students interested in research activities may apply for an upcoming IBBI research programme, where selected candidates may get an opportunity to be on the rolls of IBBI.
- The welcome address was delivered by Shri Gyaneshwar Kumar Singh, Director General & CEO, IICA, who emphasized IICA’s commitment to capacity building, academic excellence, and engagement with regulators and industry.
- Shri Sudhaker Shukla, HoD, Centre for Insolvency and Bankruptcy, IICA, presented an overview of the academic rigor, industry interface, and alumni network of the PGIP.
- The newly launched website is a dedicated digital platform to connect PGIP alumni with current students, enabling continuous interaction, knowledge sharing, problem-solving, and enhanced industry exposure.
- During the interactive session, students highlighted the value of conclaves, seminars, and interactions with industry experts, which enriched their academic and professional experience.
Insolvency and Bankruptcy Board of India (IBBI) – Static Background
- Establishment: 1 October 2016 under the Insolvency and Bankruptcy Code, 2016.
- Role: A key pillar for implementation of the Insolvency and Bankruptcy Code, 2016, which consolidates and amends laws relating to reorganisation and insolvency resolution of corporate persons, partnership firms, and individuals in a time-bound manner.
- Core Objective: Maximisation of asset value, promotion of entrepreneurship, availability of credit, and balancing stakeholder interests.
Key Functions and Objectives
- Regulator with oversight over Insolvency Professionals, Insolvency Professional Agencies, Insolvency Professional Entities, and Information Utilities.
- Formulation and enforcement of rules for:
- Corporate Insolvency Resolution
- Corporate Liquidation
- Individual Insolvency Resolution
- Individual Bankruptcy
- Promotion and regulation of the working and practices of insolvency professionals, agencies, and information utilities.
- Designated as the Authority under the Companies (Registered Valuers and Valuation) Rules, 2017 for regulation and development of the valuation profession in India.
Updated – 06 Jan 2026; 5:08 PM |
News Source:PIB