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Corporate Laws Central Ministry of Corporate Affairs Insolvency and Bankruptcy Code, 2016

Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2025

20-Nov-2025 | F. No. IBBI/2025-26/GN/REG132

IBBI has issued a gazette notification on the IBBI (Insolvency Professionals) (Second Amendment) Regulations, 2025, effective from 20th November 2025.

Key Highlights of the amended regulations:

1. Regulation 7B has been inserted which states that an Insolvency Professional (IP) who is not an insolvency professional entity shall not have more than 10 total assignments, of which only 3 assignments can involve claims over Rs. 1,000 crore each. If the limits are exceeded on the commencement of these regulations, no new assignments shall be taken up they until the number of ongoing assignments falls below the limits specified.
2. Clause 6 of Code of conduct for IP related to Independence and impartiality has been amended which states that IP dealing with the assets of a debtor must ensure that he or his relatives should not acquire any assets. In case of no impairment of objectivity, independence or impartiality, prior approval of the Adjudicating Authority shall be obtained.
3. Clarification to the clause 22 is omitted which states that IP should not have more than 10 assignments as resolution professional in corporate insolvency resolution process, out of which only 3 assignments should have claims exceeding Rs.1000 crore each.

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