The Ministry of Corporate Affairs announced on 22 October 2026 that the Indian Institute of Corporate Affairs (IICA) has signed a Memorandum of Understanding (MoU) with the Association of ARCs in India. This partnership aims to strengthen the Post Graduate Insolvency Programme (PGIP) by integrating practical industry experience with academic study to train insolvency professionals and turnaround specialists. The collaboration focuses on industry-led teaching, joint research on distressed assets, and placement support. The agreement is signed for a period of five years.
Key points
- MoU duration: 5 years
- Focus: Industry-oriented curriculum, joint research, and data sharing
- Benefits: Internships and placement opportunities for PGIP participants
- Event: Potential joint conference in February 2027
- Goal: Develop skilled Insolvency Professionals and Turnaround Specialists
When it applies
- MoU validity period
- proposed joint conference
Who it affects
- PGIP participants and industry experts
Refers to
- Review of Regulatory Framework for Asset Reconstruction Companies (ARCs) (RBI/2022-23/128)
- Insolvency and Bankruptcy Code, 2016 (IBC)