Post Graduate Insolvency Programme (PGIP)

The Post Graduate Insolvency Programme (PGIP) is the first of its kind programme for those aspiring to take up the discipline of insolvency professional as a career or seeking to take up other roles in the value chain, in India and in foreign jurisdictions. A student who completes the PGIP will be eligible for registration as insolvency professional under the Insolvency and Bankruptcy Code 2016, without having to wait to acquire the 10-year experience as required by the Code at present.

For those aspiring to become in-house counsels or serve as advisors to stakeholders in insolvency, liquidation, bankruptcy or turnaround process, the PGIP will benefit at entry level and in career growth. The PGIP will also be great value to those who elect to become academics or researchers or work in media houses.

An insolvency professional, serving as a licenced practitioner or in any other capacity, needs not only the domain knowledge but also a range of skills, multiple abilities and extra-ordinary qualities. It also needs a fair degree of appreciation of cultures, social and other factors surrounding an insolvency proceeding. An insolvency professional also has ethical and moral obligations. The GIP offers all that the market expects from a high-quality insolvency professional. A student can also start earning in the second year.

Recognised by the Insolvency and Bankruptcy Board of India and curated by a group comprising eminent economists, insolvency, financial, legal and other experts, PGIP is designed to provide exposure to real-time situations and on-ground training. The programme offers opportunities to work with leading insolvency professionals and other stakeholders providing the graduates the skill and experience that will help them to take their career tot he next level and increase marketability to employers.

It is well recognized that an efficient insolvency law is vital to stability in financial systems and fundamental to economic growth and wealth creation. It is therefore crucial to continue to invest in the development of this law by studying its impact, and investigate its strengths and weaknesses on a regular basis. In advanced counties, academics play a very important role in supporting policy development, industry research and finding innovative solutions.

Insolvency Research Foundation (IRF) has been established by IICA, in partnership with SIPI, an insolvency think tank, as an independent research centre to serve public good and help in robust policy making based on deep research.

IRF also aims to develop a community in pursuit of scholarship in the field of insolvency. It will seek to strengthen the interaction between government and academics in public policy making. Its activities will lead to emergence of a cadre of scholars and a robust network of academics, scholars and jurists in the area of insolvency.

IRF will support the Centre for Insolvency and Bankruptcy and feed into the technical content of GIP the foundation will gather support from the corporate houses for its research and other academic activities through the Corporate Social Responsibility wing of such houses.

The first of its kind in the world, IRF strives to complement India's aspirations to climb up the Ease of Doing Business ranking.