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IBC - Highlights / Catch Notes

Home Highlights February 2025 Year 2025 This

IBBI mandates Insolvency Professionals (IPs) to register all ...


Insolvency Professionals Must Register All Current and New Appointments Through Electronic Portal Within Specified Deadlines

February 13, 2025

Circulars     IBC

IBBI mandates Insolvency Professionals (IPs) to register all appointments through its electronic portal across multiple insolvency processes including CIRP, liquidation, voluntary liquidation, personal guarantor insolvency, and financial service provider proceedings. New assignments must be registered within 3 days of appointment. For ongoing cases predating this circular, registration deadline is February 28, 2025. Closed cases must be registered by March 31, 2025, with personal guarantor cases extended to April 30, 2025. The directive streamlines compliance monitoring and standardizes assignment tracking through a centralized portal system. IPs must use IBBI-provided credentials to access the portal and complete subsequent regulatory filings including public announcements, EOIs, and auction notices.

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