IBBI collaborates with IICA for research-knowledge sharing

New Delhi, Apr 11 (KNN) In a development, the Insolvency and Bankruptcy Board of India (IBBI) signed collaboration with the Indian Institute of Corporate Affairs (IICA) with focus on research and publication and knowledge sharing.

A release from Ministry of Corporate Affairs informed about the pact.

“Under the new collaboration, the two institutions will collaborate for research and publication, advancement of knowledge, capacity building, awareness and advocacy initiatives among others”, the release said.

The stakeholders and the professionals are undertaking processes under the Code for the first time and new knowledge is getting generated every day. They need to build capacity not only to implement the ongoing reform in letter and spirit, but also to use it to use it to their advantage.

There is also a need to undertake research and publication for further strengthening the insolvency and bankruptcy framework. Keeping these needs in view, the IBBI and IICA have signed a Memorandum of Understanding to collaborate for research and publication, advancement of knowledge, capacity building, awareness and advocacy initiatives on the basis of reciprocity, best effort, mutual benefit and frequent interactions, the official release informed.

The IICA, which is established by the Ministry of Corporate Affairs, is a think tank and a Centre of Excellence to support growth of the corporate sector. It offers capacity building and advisory solutions to Government, statutory authorities, and the private sector. (With PIB Inputs)