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IBC - Highlights / Catch Notes

Home Highlights April 2025 Year 2025 This

The IBBI issued an amendment to the Insolvency Professionals ...


Insolvency Professionals Regulations Updated: Time Frame Extended from Twelve to Twenty-Four Months Under Section 196 and 207

April 8, 2025

Notifications     IBC

The IBBI issued an amendment to the Insolvency Professionals Regulations, 2025, modifying regulation 5(a) by replacing "twelve" with "twenty-four". The amendment, enacted under sections 196 and 207 of the Insolvency and Bankruptcy Code, 2016, expands a regulatory parameter for insolvency professionals. The regulation takes effect upon publication in the Official Gazette, signaling a substantive change in professional qualification or duration requirements within the insolvency regulatory framework.

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