IBBI
IBBI Mandates International Valuation Standards for All IBC Valuations
The Insolvency and Bankruptcy Board of India has issued a circular notifying the International Valuation Standards as the applicable standards for valuations conducted under the Insolvency and Bankruptcy Code, 2016, until further orders. The circular states that one of the objectives of the Code is the maximisation of value of assets of the corporate debtor in a time-bound manner, and that valuation serves as a critical input for evaluation of resolution plans and facilitates informed...
IBBI Introduces Electronic Forms To Monitor Insolvency Processes Of Personal Guarantors
The Insolvency and Bankruptcy Board of India (IBBI) on March 6, 2026, introduced a set of electronic forms to monitor insolvency resolution processes involving personal guarantors to corporate debtors under the Insolvency and Bankruptcy Code, 2016.As per the circular, resolution professionals currently submit periodic updates regarding such processes through emails which, the Board noted is “time-consuming and inefficient”. To address this, the IBBI has developed a set of electronic forms which,...
IBBI Suspends Insolvency Professional For 2 Years For Operating CIRP Account After Liquidation Commenced
The Insolvency and Bankruptcy Board of India's (IBBI) Disciplinary Committee has recently suspended the registration of insolvency professional Anil Anchalia for two years for continuing to operate the Corporate Insolvency Resolution Process (CIRP) bank account of Gemus Engineering Limited after the commencement of liquidation. The CIRP of Gemus Engineering Limited commenced on April 30, 2024 pursuant to an order of the National Company Law Tribunal (NCLT), Kolkata Bench, which appointed Arun...
IBBI Suspends Byju's Former Resolution Professional Pankaj Srivastava For Three Years
The Disciplinary Committee of the Insolvency and Bankruptcy Board of India has suspended the registration of insolvency professional Pankaj Srivastava for three years, holding that he improperly reconstituted the Committee of Creditors in the insolvency of Think and Learn Private Limited, the parent company of the ed-tech firm Byju's, and misled the Adjudicating Authority. In its order dated February 24, 2026, the Committee, comprising Whole Time Members Bhushan Kumar Sinha and Jayanti...
IBBI Suspends Insolvency Professional's AFA For Six Months Over CIRP Without Valid Authorisation
The Insolvency and Bankruptcy Board of India (IBBI) on 19 February suspended the Authorisation for Assignment (AFA) of insolvency professional Bhim Sain Goyal for six months after finding that he undertook a Corporate Insolvency Resolution Process (CIRP) assignment without holding a valid authorisation. The matter arose from the CIRP of Suich Industries Limited, admitted by the NCLT, New Delhi Bench‑V on 19 November 2024. Goyal was appointed as the Interim Resolution Professional (IRP) through...
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...