The Indian Institute of Corporate Affairs (IICA) successfully inaugurated Samarthya: National Competition on Corporate Rescue Strategies 2025 on March 22, 2025, at its campus in Manesar, Haryana. The event, taking place over two days, serves as a dynamic platform for students to devise innovative turnaround strategies for businesses experiencing financial distress. Participants will navigate real-world scenarios by analyzing financial statements, developing corporate rescue strategies, and presenting their solutions to a panel of esteemed judges. The competition also provides opportunities for interaction with insolvency professionals, legal practitioners, and business leaders, enhancing participants’ industry exposure and receiving expert feedback.
The inauguration ceremony commenced with the traditional Lighting of the Lamp, performed by distinguished judges and dignitaries, marking the formal commencement of the competition. This was followed by an introduction from the Student Convenors, Ms. Ayushi Agarwal, Ms. Eepsa Bansal, and Ms. Harshitha Ulphas. Dr. Pyla Narayana Rao, Course Director and Head of the School of Corporate Law, delivered the Inaugural Address, which focused on the importance of corporate rescue strategies in ensuring business sustainability. Additionally, Ms. Pavithra Ravi, a Professor at Gujarat National Law University, provided Opening Remarks that shed light on the competition’s objectives.
The ceremony concluded with a Vote of Thanks from Mr. Pramod Jangra, Course Coordinator of LL.M (IBL) at IICA, who expressed his gratitude towards all speakers and participants. The competition seeks to challenge students with practical case studies that simulate real-world financial distress scenarios, where they will be evaluated on feasibility, innovation, and strategic insight. Dr. Ajay Bhushan Pandey, DG & CEO of IICA, also extended his best wishes for the event’s success, reinforcing the institute’s commitment to cultivating the next generation of corporate leaders capable of addressing complex financial challenges.
