ICAI-World Bank to organise training sessions for insolvency professionals!

Nitin Rao updated on : 17 Jan 2018
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The World Bank and Indian Institute of Insolvency Professionals of ICAI (IIIPI) to jointly organize training sessions to cover the role and functions of insolvency professionals from 18th Jan to 20th Jan 2018!

ICAI-World Bank Training Sessions

New Delhi / Mumbai, 16th January 2018: The Indian Institute of Insolvency Professionals of ICAI (IIIPI), has joined hand with World Bank Group to organize 3 training programs for Insolvency Professionals (IP) in the country, with the first being held at Mumbai. This would be the first of its kind program in India where international experts will disseminate knowledge and best practices followed worldwide, vis-à-vis the sections of the Insolvency and Bankruptcy Code in India.

The training program will cover the “Role and Functions of IPs”. During the programme, case studies wherever relevant will be illustrated. Sessions covering various aspect of insolvency laws would be organised from January 18 to 20, 2018 at Mumbai under the aegis of the Insolvency and Bankruptcy Board of India (IIIBI). This would be the first of three such programmes to be organised at various centres by IIIPI and the World Bank Group.

CA. Nilesh Shivji Vikamsey, President, ICAI said, “The Insolvency and Bankruptcy code is still in the nascent stages in India. And this is the time where right knowledge dissemination is required for creating a robust pool of professionals in our country. In the training sessions, the best of minds will share their knowledge from across the globe.”

“World Bank and IIIPI has prepared the training modules, keeping in mind the Indian scenario but also made sure that the best practices followed worldwide are made available to the insolvency professionals”, he further added.

The programme shall focus on:

  • Responsibilities of IPs and Practical Concerns
  • Information Utilities, Assessing short-term cash-flow, Post-commencement financing
  • Legal and practical aspects of recovery of company assets, Plan Implementation, Claims assessment
  • IP as a Liquidator
  • Cross-Border Insolvency etc.

The faculty comprises of an eclectic mix of Foreign Trainers provided by the World Bank Group and experienced Practitioners from India who will facilitate learning by blending global best practices with local requirements.

About IIIPI 

The Institute of Chartered Accountants of India (ICAI) is a Statutory body established under the Chartered Accountants Act, 1949 for regulation of the profession of Chartered Accountants in India. ICAI is the second largest accounting body in the world with a strong tradition of service to the public interest and to the Indian economy. The Indian Institute of Insolvency professionals of ICAI (IIIPI) is a section 8 Company ( under the companies act 2013) formed by the ICAI to enroll and regulate Insolvency Professionals as its members in accordance with the Insolvency and Bankruptcy Code 2016 and Regulations.

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