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.
A month later, the IBBI formally approved NLIU for conducting the Graduate Insolvency Program (GIP) from the academic session 2021-2022. NLIU is the first University approved by the IBBI to offer the Graduate Insolvency Program.
The intake for the two-year Graduate Insolvency Program will be forty seats.
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 GIP would also provide opportunities to serve as in-house counsels or advisors to stakeholders in insolvency, liquidation, bankruptcy or turnaround processes.
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.
(This is an edited press release shared by our Campus Ambassador Devansh Malhotra)