IBBI Sets New Framework for Panel and Appointment of Insolvency Professionals

The Insolvency and Bankruptcy Board of India issued revised guidelines effective January 1, 2026 to streamline the shortlisting and appointment of insolvency professionals.

The framework restricts panel inclusion to professionals with a valid Authorisation for Assignment for the entire panel period and no pending disciplinary proceedings or recent convictions.

An expression of interest will constitute unconditional consent to act when appointed. Empanelled professionals may not refuse assignments without sufficient cause, and unjustified refusals will result in removal from the panel for six months.

The Board will prepare the panel by ranking eligible professionals based on the volume of ongoing assignments, with tie-breakers based on registration seniority.