Context:
Recently, the Indian Institute of Corporate Affairs (IICA) inaugurated Samarthya: National Competition on Corporate Rescue Strategies 2025 at its campus in Manesar, Haryana.
About Samarthya:
Samarthya is a competition designed to pre-empt insolvency and find suitable turnaround strategies to maintain the business while aiming to restore its profitability.
- Insolvency refers to a business that can no longer pay its debts.
The programme offers a dynamic platform for students to devise innovative turnaround strategies for businesses facing financial distress.
The event emphasizes practical learning and strategic thinking in corporate rescue, providing participants with hands-on experience in navigating real-world financial distress scenarios.
Eligibility for Samarthya:
- Open to students pursuing full-time 3-year or 5-year Undergraduate or Postgraduate programs in Law, or Undergraduate/Postgraduate programs in Finance, Management, or Economics from recognized institutions.
- Teams must consist of three members.
- At least one member must be currently pursuing law from a recognized University/ Institution.
The competition will challenge students with practical case studies simulating real-world financial distress scenarios.
Indian Institute of Corporate Affairs (IICA)
- It was incorporated in 2008 as an autonomous Institute under the Ministry of Corporate Affairs.
- IICA was registered as a society on 12th September 2008 under the Societies Registration Act, 1860.
- IICA is a think-tank and platform for the Indian government, industry, and other stakeholders to address corporate affairs issues.
- The IICA Society is headed by the Hon’ble Minister of Corporate Affairs, who is the Ex-officio President of the IICA Society.