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.