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ARTICLE · 27 NOVEMBER 2025

Streamlining Insolvency Appointments: IBBI's Second (2025) Guidelines For Professionals

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The Insolvency and Bankruptcy Board of India ("Board") has, on 21 November 2025, released the Insolvency Professionals to act as Interim Resolution Professionals...

IndiaInsolvency/Bankruptcy/Re-Structuring
Rahul Sundaram
Rahul Sundaram

The Insolvency and Bankruptcy Board of India ("Board") has, on 21 November 2025, released the Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) (Second) Guidelines, 2025 ("Second Guidelines"). The instrument is intended to operationalise the mandate contained in Sections 16(4), 34(6), 97(4), 98(3), 125(4), 146(3) and 147(3) of the Insolvency and Bankruptcy Code, 2016 ("Code") read with Rule 8(2) of both the 2019 sets of Rules applicable to personal guarantors. The immediate trigger is the need to eliminate the administrative lag that occurs each time the Adjudicating Authority seeks a recommendation for appointment of an insolvency professional. By preassembling a zonewise and benchwise panel in advance, the Board expects to compress the timeline between reference and assumption of office by the chosen professional.

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