The Institute of Company Secretaries of India (ICSI), Bhubaneswar Chapter organised a Graduate Insolvency Profession (GIP) programme at Rourkela on June 5 to stimulate Indian youths to contribute to nation building process and be cognizant of key reforms being unleashed by the Government of India including the one about managing the insolvency space with speed and agility.
It was part of celebrating the 75 years of ‘Azadi Ka Amrit Mahotsav (AKAM).’
In relation to insolvency regime, the purpose of the programme was to create nation-wide awareness for public at large about remedies being made available in dealing with insolvencies, particularly in respect of reorganisation of distressed assets of MSMEs in general.
Addressing as special guest during the programme former Principal, Vedvyas and Gandhi College, Rourkela, Prof GB Dalabehera lauded the efforts of the ICSI Institute of Insolvency Professionals (ICSI-IIP) and the Bhubaneswar Chapter of the ICSI for selecting Rourkela to create awareness amongst the young professionals and the students about the IBBI.
CA Rakesh Kumar Jain elaborated the career prospective of insolvency profession and the constitution of Insolvency and Bankruptcy Board of India.
Vice Chairman, Bhubaneswar Chapter of the ICSI CS Ajaya Kumar Majhi in his welcome address briefed about the objective of the programme. CS Vikash Kumar Sharma, Practising Company Secretary, Rourkela proposed a vote of thanks.