Read or download the official PDF of this gazette notification issued by the Ministry of Corporate Affairs on 21st July 2026. Classified under Press Release.
Executive Summary
On July 21, 2026, the Indian Institute of Corporate Affairs (IICA) inaugurated the eighth batch (2026–28) of its flagship two-year residential Post Graduate Insolvency Programme (PGIP). Developed in collaboration with the Insolvency and Bankruptcy Board of India (IBBI), the program aims to produce competent insolvency and resolution professionals through a multidisciplinary curriculum and practical industry exposure. Key dignitaries emphasized the importance of ethical standards, adherence to statutory timelines, and continuous legal research in navigating the evolving insolvency landscape.
Key Points / Main Content
Program Structure and Curriculum
The PGIP is a two-year residential program integrating law, finance, management, valuation, and technology.
The framework includes academic learning, industry immersion, internships, and mentorship initiatives.
The curriculum has been updated to include AI-enabled learning, financial modeling, and structured finance.
Regulatory and Legal Emphasis
The Insolvency and Bankruptcy Code (IBC), 2016, is recognized as a transformative economic reform that has undergone seven legislative amendments and numerous regulatory reforms.
Judicial precedents and landmark judgments are highlighted as indispensable learning tools for insolvency professionals.
Strict adherence to statutory timelines prescribed under the IBC is critical for maintaining the sanctity of the law.
Professional Standards and Innovation
The program focuses on creating "turnaround professionals" capable of leading complex corporate and individual insolvency resolution processes.
Ethics and integrity are identified as the foundation of the profession, which cannot be substituted by technology.
IICA has introduced institutional recognition for excellence in research to foster academic inquiry among participants.
Impact Analysis
Participants (Eighth Batch)Impact
They will undergo rigorous multidisciplinary training and gain practical exposure to prepare for leadership roles in distressed enterprise management and corporate restructuring.
Action Required
Participants must engage in continuous legal research, study landmark judicial precedents, and upgrade their knowledge to remain responsive to technological advancements.
Insolvency and Bankruptcy Board of India (IBBI) / Insolvency EcosystemImpact
The ecosystem benefits from a steady pipeline of highly skilled, ethically grounded professionals to support the implementation of the IBC.
Action Required
The IBBI and industry stakeholders must continue their close collaboration with IICA to provide internships, industry engagement, and practical training opportunities.
Indian Institute of Corporate Affairs (IICA)Impact
IICA reinforces its position as a pioneer in capacity-building and a benchmark for insolvency education in India.
Action Required
The institute must facilitate the newly announced innovations, including AI-enabled learning platforms and research excellence recognition programs.
Key Entities Referenced
Post Graduate Insolvency Programme (PGIP): A flagship two-year residential programme aimed at creating a highly skilled cadre of insolvency and restructuring professionals in India.
Insolvency and Bankruptcy Code (IBC), 2016: The primary legislative framework and major economic reform that established a comprehensive insolvency regime in India.
Indian Institute of Corporate Affairs (IICA): The institution under the Ministry of Corporate Affairs responsible for conducting the PGIP and developing the insolvency ecosystem.
Insolvency and Bankruptcy Board of India (IBBI): The regulatory body for insolvency proceedings that collaborates with IICA on the design and implementation of the PGIP.
Corporate Insolvency Resolution Process (CIRP): The statutory process under the IBC for resolving the insolvency of corporate debtors, emphasized as a key area of practical implementation for professionals.
Ministry of Corporate Affairs
IICA Inaugurates Eighth Batch of its Flagship
Post Graduate Insolvency Programme (PGIP
2026–28)
प्रव तथ: 21 JUL 2026 4:20PM by PIB Delhi
The Indian Institute of Corporate Affairs (IICA), under the Ministry of Corporate Affairs, Government
of India, today inaugurated the Eighth Batch (2026–28) of its flagship Post Graduate Insolvency
Programme (PGIP). The programme welcomed participants from diverse professional backgrounds and
was attended by distinguished members of the insolvency ecosystem, faculty members, senior officers of
IICA.
Delivering the Inaugural Address, Justice Ashok Bhushan, Former Chairperson of the National
Company Law Appellate Tribunal (NCLAT) and former Judge of the Supreme Court of India, underscored
the transformative impact of the Insolvency and Bankruptcy Code (IBC), 2016, describing it as one of
India's most significant economic reforms. He noted that the Code replaced a fragmented legal framework
with a comprehensive insolvency regime that has evolved through seven legislative amendments and
numerous regulatory reforms. Justice Bhushan encouraged the participants to develop the habit of
studying landmark judgments and undertaking continuous legal research, emphasizing that judicial
precedents are indispensable learning tools for every insolvency professional.In his Keynote Address, Shri Ravi Mittal, Chairperson, Insolvency and Bankruptcy Board of India
(IBBI), reminded the participants that the programme is not merely intended to create employment
opportunities but to produce competent Insolvency Professionals and Resolution Professionals
capable of leading complex corporate restructuring assignments. He highlighted the importance of
adhering to statutory timelines prescribed under the IBC and maintaining the sanctity of the law.
Explaining the growing importance of the Corporate Insolvency and Individual Insolvency Resolution
Processes (CIIRP), he encouraged the participants to understand their practical implementation and
prepare themselves to lead distressed enterprises as effective turnaround professionals.
Welcoming the participants, Shri Gyaneshwar Kumar Singh, Director General & CEO, IICA, described
PGIP as the Institute's flagship capacity-building initiative that has played a pioneering role in developing
India's insolvency ecosystem since its launch in 2019. He highlighted several innovations introduced in
the programme, including an enhanced focus on research, analytical skills, AI-enabled learning, financial
modelling, structured finance and ethics. Stressing that ethics remains the foundation of the insolvency
profession, he encouraged the participants to continuously upgrade their knowledge and remain responsive
to technological advancements while recognising that no technology can substitute integrity, sound
judgment and hard work. He also announced institutional recognition for excellence in research to foster a
culture of academic inquiry among the participants.Shri Sudhaker Shukla, Head, Centre for Insolvency and Bankruptcy (CIB), IICA, welcomed the
participants and provided an overview of the Post Graduate Insolvency Programme (PGIP). He
highlighted the programme's evolution since its inception and its emergence as India's premier residential
programme for developing a new generation of insolvency professionals. He outlined the programme's
multidisciplinary curriculum, which integrates law, finance, management, valuation, technology and
practical learning to prepare participants for the evolving insolvency and restructuring landscape. Shri
Shukla also familiarised the participants with the programme structure, academic framework, industry
immersion, internship opportunities, mentorship initiatives and the high standards of professional
excellence expected throughout the two-year residential programme.
The Post Graduate Insolvency Programme (PGIP) is IICA's flagship two-year residential programme
aimed at creating a highly skilled cadre of insolvency and restructuring professionals. Designed in close
collaboration with the Insolvency and Bankruptcy Board of India (IBBI) and leading industry
stakeholders, the programme combines rigorous academic learning with practical exposure, research,
internships and industry engagement. Since its launch in 2019, PGIP has established itself as a benchmark
in insolvency education, producing professionals who are making significant contributions to India's
insolvency and restructuring ecosystem through their expertise, ethical standards and leadership.The inaugural programme was attended by faculty members of IICA, senior officers and distinguished
guests. The formal session concluded with a Vote of Thanks delivered by Col. Amandeep Singh Puri,
Chief Administrative Officer, IICA, expressing gratitude to the dignitaries, faculty members and
participants for their presence and support.
The event concluded with the introduction of the participants of the Eighth Batch, followed by an
interactive session, group photographs, and networking over lunch, marking the beginning of another
enriching academic journey under IICA's flagship insolvency education programme.
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SR/ONP
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