Institutional Reforms & Corporate Governance
New Delhi | Economy India | The Indian Institute of Corporate Affairs (IICA), operating under the Ministry of Corporate Affairs, Government of India, marked two significant milestones on 15 January 2026 with the formal launch of registrations for the 8th batch of its flagship Post Graduate Insolvency Programme (PGIP) and the signing of a Memorandum of Understanding (MoU) with the Indian Institute of Insolvency Professionals of ICAI (IIIPI–ICAI).
The twin developments underscore IICA’s growing role in strengthening India’s insolvency and bankruptcy ecosystem through structured academic programmes, institutional collaboration, and capacity building aligned with the evolving requirements of the Insolvency and Bankruptcy Code (IBC) framework.
PGIP: Building the Next Generation of Insolvency Professionals
The registration for the 8th batch of the two-year, full-time Post Graduate Insolvency Programme (PGIP) was formally inaugurated by Dr Ashok Kumar Mishra, Chairman and Director, IIIPI–ICAI, along with senior leadership from IICA. The event was attended by IICA officials, faculty members, students, and key ecosystem stakeholders, including IBPS, the programme’s examination partner.
Speaking on the occasion, Mr Gyaneshwar Kumar Singh, Director General and Chief Executive Officer, IICA, described PGIP as a premier national programme designed to nurture competent, ethical, and future-ready insolvency professionals.
“PGIP has emerged as a leading national platform for developing insolvency professionals who are equipped to meet the changing demands of India’s insolvency framework. The launch of the 8th batch and the signing of the MoU with IIIPI–ICAI reaffirm IICA’s commitment to academic excellence, institutional collaboration, and strengthening the insolvency ecosystem in the country,” Singh said.
Over the years, PGIP has gained national recognition for its rigorous curriculum, strong industry linkages, and focus on ethics, governance, and practical application of insolvency laws.
MoU with IIIPI–ICAI: Strengthening Institutional Collaboration
A key highlight of the event was the signing of a Memorandum of Understanding between IICA and IIIPI–ICAI, aimed at deepening cooperation in the field of insolvency and bankruptcy education and professional development.
The MoU seeks to promote:
- Academic and institutional exchange
- Capacity building initiatives
- Joint research and knowledge creation
- Training and certification programmes
- Knowledge sharing in insolvency and bankruptcy practices
This collaboration is expected to contribute significantly to the development of a robust, transparent, and future-oriented insolvency ecosystem in India, aligned with global best practices.
Focus on Transparent and Credible Assessment Framework
CA Rahul Madan, Managing Director, IIIPI–ICAI, highlighted the institute’s continued engagement with IICA’s PGIP and underlined the importance of a strong evaluation framework.
He noted that IIIPI–ICAI’s association with PGIP has played a crucial role in ensuring a credible, transparent, and reliable examination and assessment process. Reaffirming the institute’s commitment, he stated that IIIPI–ICAI would continue to support PGIP as the programme expands in scale and national relevance.
Institutional Partnerships Key to Insolvency Ecosystem
Dr Ashok Kumar Mishra, Chairman and Director, IIIPI–ICAI, stressed that institutional collaboration is essential for strengthening India’s insolvency framework.
“Our partnership with IICA will promote capacity building, academic collaboration, and professional excellence. It will help develop insolvency professionals trained in line with global best practices, capable of addressing complex challenges within India’s insolvency regime,” he said.
Dr Mishra added that as insolvency cases grow in scale and complexity, the need for well-trained professionals with strong ethical grounding and technical expertise becomes increasingly critical.
PGIP and India’s Evolving Insolvency Framework
India’s Insolvency and Bankruptcy Code has emerged as a cornerstone of corporate and financial sector reform, improving credit discipline, resolution timelines, and investor confidence. As the ecosystem matures, demand is rising for insolvency professionals who combine legal, financial, managerial, and ethical competencies.
IICA’s PGIP has been structured precisely to meet this requirement, offering:
- Interdisciplinary learning
- Practical exposure to insolvency processes
- Strong alignment with regulatory and institutional frameworks
- Emphasis on ethics, governance, and professional accountability
With the launch of the 8th batch, PGIP continues to reinforce its position as a nationally significant talent pipeline for India’s insolvency profession.
Strengthening Governance and Market Confidence
The developments come at a time when India is focusing on improving ease of doing business, strengthening corporate governance, and enhancing financial system stability. A well-functioning insolvency framework, supported by competent professionals and strong institutions, is central to these objectives.
By combining academic excellence with institutional partnerships, IICA is playing a strategic role in shaping the future of insolvency practice in India.
As registrations for the 8th batch of PGIP open, the programme is expected to attract candidates from diverse professional backgrounds, further enriching India’s insolvency ecosystem and supporting the long-term goals of economic efficiency, transparency, and sustainable growth.
(Economy India)
