New Delhi, January 16, 2026 — The Indian Institute of Corporate Affairs (IICA), under the aegis of the Ministry of Corporate Affairs, Government of India, marked two significant milestones with the formal opening of registrations for the 8th Batch of the 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 developments underscore a strong institutional push towards strengthening India’s insolvency and bankruptcy ecosystem through academic excellence and professional capacity building.
PGIP Emerges as a Flagship National Programme
Addressing the gathering, Shri Gyaneshwar Kumar Singh, Director General & CEO, IICA, highlighted that PGIP has evolved into a flagship national programme for nurturing competent, ethical and industry-ready insolvency professionals.
He noted that the programme is closely aligned with the evolving requirements of India’s insolvency framework and plays a critical role in supporting the effective implementation of the Insolvency and Bankruptcy Code (IBC).
“The signing of the MoU reflects the strong commitment of both institutions towards academic excellence, institutional collaboration and strengthening the insolvency ecosystem in the country,” he said.
MoU to Strengthen Academic Collaboration and Capacity Building
The MoU between IICA and IIIPI–ICAI is aimed at fostering collaboration across multiple areas, including:
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Academic exchange
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Capacity building initiatives
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Joint research in insolvency and bankruptcy
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Training programmes
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Knowledge sharing and professional development
This partnership is expected to enhance the quality of education and professional preparedness of insolvency practitioners across the country.
IIIPI–ICAI Reaffirms Commitment to Robust Assessment Framework
Speaking on the occasion, CA Rahul Madan, Managing Director, IIIPI–ICAI, highlighted the continued association between IIIPI–ICAI and IICA’s PGIP programme. He emphasised that the institute plays a crucial role in ensuring a robust, transparent and credible examination and assessment process for PGIP participants.
He further stated that, as a frontline regulator, is well-positioned to support students by sharing modules and preparatory inputs for professional assessments such as the Limited Insolvency Examination and PREC-like preparation, thereby strengthening students’ professional readiness.
Institutional Collaboration Key to Global-Standard Professionals
Dr. Ashok Kumar Mishra, Chairman & Director, IIIPI–ICAI, underlined the critical importance of institutional collaboration in building a strong and future-ready insolvency ecosystem in India.
He noted that such partnerships are essential to:
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Develop highly trained insolvency professionals
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Align professional practices with global best standards
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Strengthen credibility and effectiveness of India’s insolvency framework
Strong Participation from Key Stakeholders
The event witnessed the presence of:
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Senior officials
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Faculty members
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Students
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Key stakeholders including IBPS, the examination partner for PGIP
Their participation reflected growing institutional and industry support for structured professional development in the insolvency domain.
Conclusion
The launch of registrations for the 8th PGIP batch and the signing of the MoU between IICA and IIIPI–ICAI mark an important step in strengthening India’s insolvency and bankruptcy ecosystem. By combining academic rigour, regulatory expertise and institutional collaboration, the initiative is poised to develop a new generation of well-trained, ethical and globally aligned insolvency professionals, supporting the continued evolution of India’s corporate governance and resolution framework.
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Source: PIB
