IBBI
IBBI Caps Assignments For Individual Insolvency Professionals At Ten At A Time
The Insolvency and Bankruptcy Board of India has issued the Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2025, placing limits on the total number of assignments that an individual insolvency professional may handle at a given time. The regulations come into force on November 20. The amendment introduces Regulation 7B titled Number of Assignments, capping the number of assignments an individual insolvency professional may hold, at a time,...
IBBI Issues Fresh Guidelines For Appointment of Insolvency Professionals
In order to reduce administrative delays in appointing of Resolution Professionals, the Insolvency and Bankruptcy Board of India (IBBI) on Friday issued fresh guidelines to streamline how insolvency professionals (IPs) are shortlisted and appointed across tribunals from January 1, 2026. Under the new framework, only IPs with a clean record and a valid Authorisation for Assignment through the entire panel period will be considered. This means, An IP can be included in the panel only if no...
IBBI Advises Insolvency Professionals To Seek ED-Attached Assets To Boost Recoveries
The Insolvency and Bankruptcy Board of India (IBBI), noting that assets of entities in insolvency are often under attachment by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA), has issued a circular guiding insolvency professionals on seeking restitution of such assets. In a circular issued on November 4, addressed to all registered insolvency professionals, the board observed that restitution of attached assets can significantly enhance the value of...
IBBI Notifies Liquidation Process (Second Amendment) Regulations 2025
On October 14th 2025, the Insolvency and Bankruptcy Board of India (IBBI) has issued “Insolvency and Bankruptcy Board of India (Liquidation Process) (Second Amendment) Regulations, 2025”. By exercising its power conferred by virtue of section 196 read with section 240 of the Insolvency and Bankruptcy Code, 2016, the IBBI has released the said amendment. The amendment came into effect with the prospective application and it modifies the Insolvency and Bankruptcy Board of India...
IBBI Notifies Insolvency Resolution Process For Corporate Persons (Sixth Amendment) Regulations 2025
On October 14th 2025, the Insolvency and Bankruptcy Board of India (IBBI) has issued Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Sixth Amendment) Regulations, 2025. By exercising its power conferred by virtue of section 196 read with section 240 of the Insolvency and Bankruptcy Code, 2016, the IBBI has released the said amendment. The amendment came into effect with the prospective application and it modifies the Insolvency and...
IBBI Releases Discussion Paper On Real Estate Issues, Suggests Inclusion Of Land Authorities In CoC Meetings
On 7th November, 2024, the Insolvency and Bankruptcy Board of India (IBBI) has released a discussion paper on the issues related with the Real Estate with seven proposals. This discussion paper is based on findings and recommendations from a recent study group by the Indian Institute of Insolvency Professionals of ICAI (IIIPI) that focused on improving real estate resolutions under IBC and coordination with RERA. It also includes issues and concerns raised during recent consultations...
IBBI Issues Circular Directing Insolvency Professionals To File Forms To Monitor Voluntary Liquidation Processes On Electronic Platform Only
The Insolvency and Bankruptcy Board of India (“IBBI”) has issued a circular dated 28.06.2024 directing the Insolvency Professionals to file the forms to monitor the Voluntary Liquidation processes under IBC on the electronic platform hosted on IBBI's website at https://www.ibbi.gov.in. only. The circular provides that the Insolvency Professionals shall access the platform with a unique username and password provided by the IBBI and upload/submit the Forms, along with relevant...
IBBI Issues Circular Directing IPs To File Liquidation Process Forms On Electronic Platform Only
The Insolvency and Bankruptcy Board of India (“IBBI”) has issued a circular dated 28.06.2024 directing the Insolvency Professionals to file the forms to monitor the liquidation process under IBC on the electronic platform hosted on IBBI's website at https://www.ibbi.gov.in. only. The circular provides that the Insolvency Professionals handling the liquidation assignment shall access the platform with a unique username and password provided by the IBBI and upload/submit the Forms,...
IBBI Issues Guidelines For Appointment Of Insolvency Professionals
The Insolvency and Bankruptcy Board of India (IBBI) issued guidelines for the process for appointing insolvency professionals (IPs) to roles such as interim resolution professionals (IRPs), liquidators, and bankruptcy trustees. Key among the provisions is the establishment of a panel of IPs, slated to be operational from July 1, 2024, through December 31, 2024. This panel, which will be shared with both the National Company Law Tribunal (NCLT) and the Debt Recovery Tribunal (DRT),...
IBBI Proposes Changes To Process Of Issuance Of Record Of Default By Information Utility, Invites Comments Till 31.05.2024
The Insolvency and Bankruptcy Board of India (“IBBI”) on 10.05.2024 has published a Discussion Paper on “Strengthening the process of issuance of record of default by Information Utility”. The IBBI has also invited comments from public/stakeholders regarding proposed changes to the framework pertaining to the process of issuance of record of default by Information Utility”. The comments can be submitted online at www.ibbi.gov.in till 31.05.2024. The Discussion Paper primarily...
IBBI Issues Circular Regarding Withdrawal Of Unclaimed/Undistributed Amounts From Corporate Liquidation Account
The Insolvency and Bankruptcy Board of India (“IBBI”) has issued a circular dated 22.02.2024, intimating the procedure to be followed by the Liquidator for release of unclaimed dividends/ undistributed proceeds from the Corporate Liquidation Account in favour of entitled stakeholders. Brief background Regulation 46 of the IBBI (Liquidation Process) Regulations, 2016 (“Liquidation Regulations”) provides a framework for management of unclaimed deposits and undistributed proceeds...