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The Indian Institute of Insolvency Professionals of ICAI, IIIPI & IIM Ahmedabad has joined hands together to offer Management Development Programme for insolvency professionals.
New Delhi: The Indian Institute of Insolvency Professionals of ICAI (IIIPI), an Insolvency Professional Agency (IPA), has partnered with Indian Institute of Management, Ahmedabad (IIMA) to offer the first-ever residential "Management Development Programme for Insolvency Professionals" in India.
A Memorandum of Understanding (MoU) has already been signed between IIIPI and IIM Ahmedabad in this regard. The residential programme for IIIPIs members will focus on building leadership and managerial capacity of professionals.
Further, the process of announcing the first batch of the Managerial Skills programme and shortlisting candidates among the professional members of IIIPI is currently underway.
Insolvency: A Changing Profession
According to Ashok Haldia, Chairman- IIIPI, the insolvency profession is a multifaceted profession unlike any other,which needs continual capacity building of experts.
As a continuing effort, IIIPI is dedicated towards improving the knowledge level of its members. The 'Management Development Programme' (Residential) for members of IIIPI would concentrate on developing professionals' leadership and managerial skills in the context of managing distressed corporate debtors as de facto CEO under the requirements of IBC. The residential programme will be organized for five days and will take place on the IIMA campus.
According to M. P. Ram Mohan, faculty chair of the IIMA programme, India's insolvency profession is evolving. When professionals are hired as Resolution Professionals, they begin performing crucial management and business tasks. This calls for knowledge of how businesses operate, how management of a firm thinks and behaves, etc.
As a result, Insolvency Professionals are introduced to the intricacies of management and leadership training through the course that IIMA offered for IIIPI. With over 63% Insolvency Professionals as its Members, IIIPI, which is sponsored by The Institute of Chartered Accountants of India (ICAI), is the country's largest frontline regulator under the Insolvency Bankruptcy Code (IBC).
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