IIIPI along with IIM Ahmedabad to offer residential mgmt development prog for insolvency professionals

New Delhi, May 3 (PTI) The Indian Institute of Insolvency Professionals of ICAI (IIIPI) has joined hands with the Indian Institute of Management, Ahmedabad (IIMA) to start residential management development programme for insolvency professionals.

Both the institutes have signed a Memorandum of Understanding (MoU) in this regard, according to a release on Wednesday.

The programme for IIIPI's members will focus on building leadership and managerial capacity of professionals. It will be a five-day residential programme to be conducted at the campus of IIM, Ahmedabad.

IIIPI Chairman Ashok Haldia said managerial and leadership skills of insolvency professionals are critical for their role as trustee on behalf of stakeholders and at the same time as de facto CEO while resolving stressed businesses as going concern under the Insolvency and Bankruptcy Code (IBC) regime.

"The insolvency profession is a multi-disciplinary profession unlike any other, requiring constant capacity building of professionals. IIIPI is committed to upgrade the knowledge quotient of its members as its constant endeavour," he added.

M P Ram Mohan, Faculty Chair of Programme at IIMA, said, course IIIPI brings the nuances of management and leadership training to insolvency professionals. PTI RAM SHW