The. LLM course offered by the National Academy of Legal Studies and Research (NALSAR University) and Indian Institute of Corporate Affairs (ICA) is first of its kind LLM. Degree Programme in Insolvency and Bankruptcy Laws and Procedures Law in India. India has a huge, emerging sector for helping distressed and bankrupt companies come out of initial difficulty. But it faces a huge shortage of bankruptcy professionals who can oversee the process. On an average, one Insolvency Professional needs at least 20 associates to assist in big-ticket CIRP and Liquidation cases. Therefore, there is a serious need to produce good insolvency associates and eco system at mass level for providing the support to IPs, IPES, Consultancies, Law Firms, ARCs and Academia. Therefore, the Master level course / orientation in Insolvency and Bankruptcy Laws is the need of the hour.