BHOPAL 08/04/2021(CEV NEWS): The National Law Institute University (NLIU), Bhopal, has become the first university to be approved by the Insolvency and Bankruptcy Board of India (IBBI) to offer the Graduate Insolvency Programme.

NLIU becomes first IBBI approved university to offer Graduate Insolvency Program

The Graduate Insolvency Program is the first of its kind for those aspiring to take up insolvency profession as a career in India and abroad and will benefit at entry level and in career growth.

This Graduate Insolvency Program would also provide opportunities to serve as in-house counsel or advisors to stakeholders in insolvency, liquidation, bankruptcy or turnaround process. The Graduate Insolvency Program will be of great value to those who opt to become teachers or researchers or work in media houses.

LAUNCH OF GRADUATE INSOLVENCY PROGRAM AT NLIU BHOPAL STARTING W.E.F. ACADEMIC YEAR 2021-22:

The National Law Institute University (NLIU) had submitted the Expression of Interest to the Insolvency and Bankruptcy Board of India (IBBI) for the conduct of the Graduate Insolvency Program (GIP) on 15 January 2021. The IBBI has formally approved the National Law Institute University, Bhopal, in a letter dated 18 February 2021, for conducting the Graduate Insolvency Program (GIP) from the academic session 2021-2022. The intake for the two-year Graduate Insolvency Program will be 40 (forty).

On receipt of the approval letter from IBBI, the NLIU had formerly communicated its acceptance to the IBBI. NLIU, Bhopal is the first University approved by the IBBI to offer the Graduate Insolvency Program.

The Graduate Insolvency Program is the first of its kind for those aspiring to take up the insolvency profession as a career in India and abroad and will benefit at entry-level and in career growth. This GIP would also provide opportunities to serve as in-house counsels or advisors to stakeholders in insolvency, liquidation, bankruptcy, or turnaround processes.

GIP will be of great value to those who opt to become teachers or researchers or work in media houses.

The Chairperson of IBBI, Dr. M. S. Sahoo, had observed that ‘the Graduate Insolvency Program is aimed at tapping the potential of young aspirants who have the dynamism and ability to excel in the field of insolvency resolution.

A student who completes the GIP will be eligible for registration as an insolvency professional without having to wait to acquire the minimum 10 years experience as required by the Code at present’.

The Vice-Chancellor of NLIU, Bhopal, Prof. (Dr.) V. Vijayakumar, has constituted a GIP Course Coordination Committee to oversee its effective implementation. Prof. (Dr.) Ghayur Alam, Professor of Business Laws, is designated as Course Director, Dr. Monica Raje as Deputy Course Director, Dr. Atul Kumar Pandey as member of this Committee, and Mr. Amit Pratap Singh as Course Coordinator.

An Advisory Committee consisting of judges, representatives of industry, financial and credit institutions, practitioners, and academics is also being constituted exclusively for this purpose.

For the effective and smooth running of GIP, an independent infrastructural facility within the NLIU campus is also being developed

MORE INFORMATION ABOUT THE GRADUATE INSOLVENCY PROGRAM WILL BE SHARED IN THE UPCOMING DAYS AS PER THE UNIVERSITY  SOURCE

NATIONAL LAW INSTITUTE UNIVERSITY NLIU BECOMES FIRST UNIVERSITY APPROVED BY IBBI TO OFFER GRADUATE INSOLVENCY PROGRAMME