The Chair in Insolvency and Restructuring Studies at National Law University Delhi is among the few dedicated academic positions in India devoted to insolvency and restructuring as a distinct field of inquiry. Established by the University as a research initiative, the Chair supervises and administers the Post Graduate Insolvency Programme (PGIP), a specialised programme run in collaboration with the Insolvency and Bankruptcy Board of India (IBBI).

The PGIP is a professional postgraduate programme designed for practitioners and academics seeking advanced training in insolvency law. It draws its faculty from legal academics and insolvency professionals, with serving regulators contributing as guest faculty. The curriculum tracks the evolving jurisprudence of the Insolvency and Bankruptcy Code, 2016 alongside comparative frameworks from the United States and the United Kingdom, as well as the UNCITRAL Legislative Guide.

The Chair’s research agenda extends well beyond the classroom. Faculty and researchers associated with the Chair contribute to doctrinal scholarship on corporate insolvency, constitutional dimensions of the IBC, valuation principles in resolution and liquidation, and the political economy of firm exit. This work has appeared in peer-reviewed journals and policy-facing publications including Business Standard, Financial Express, Hindu Business Line etc. The Chair engages actively with questions of regulatory design and institutional frameworks, producing research that speaks to courts and regulators alike.

A conviction animating the Chair is that insolvency is not a subspecialty of corporate law. It is a distinct field with its own theoretical commitments and institutional infrastructure, carrying consequences for economic life that commercial law syllabi alone cannot address. The decision to let a firm fail or restructure its obligations, and the question of whether to hold promoters accountable for the wreckage they leave behind, involve judgments that cut across law, economics, behavioural science, and public policy. Treating insolvency as an appendix to commercial law curricula misses this entirely.

The Chair is headed by Dr. Raghav Pandey, Assistant Professor of Law at NLU Delhi, whose research spans insolvency jurisprudence and regulatory theory, with particular attention to constitutional dimensions of economic legislation. Dr. Pandey is the author of Corporate Insolvency Law and Practice (Thomson Reuters, 2021) and holds a PhD in Insolvency Law from IIT Bombay.

National Law University Delhi, through the Chair, has committed to building an institutional home for insolvency scholarship in India. The ambition is to make NLU Delhi the reference point for serious academic work on insolvency and restructuring in the country.