Statutory Meaning & Definition
A person enrolled with an Insolvency Professional Agency and registered with IBBI who is authorised to perform functions of IRP, RP, liquidator, or bankruptcy trustee under the IBC.
Frequently Asked Questions (FAQs)
What is Insolvency Professional in Indian corporate law?
A person enrolled with an Insolvency Professional Agency and registered with IBBI who is authorised to perform functions of IRP, RP, liquidator, or bankruptcy trustee under the IBC.
Why is Insolvency Professional important for compliance?
Insolvency Professional is governed by the Insolvency and Bankruptcy Code, 2016 and regulated by IBBI. Understanding this concept is essential for ensuring regulatory compliance, avoiding penalties, and making informed corporate decisions in India.
Who should know about Insolvency Professional?
Insolvency Professional is relevant for company secretaries, compliance officers, chartered accountants, corporate lawyers, board members, and all professionals dealing with IBC regulatory matters in India.
Contextual Analysis & Regulatory Circulars
Recent analysis and regulatory updates related to IBC:
Directs Insolvency Professionals to Strengthen Due Diligence Against Misuse of IBC Framework
Published: 10 September 2026
IBBI Discussion Paper 2026: Guidance for Insolvency Professionals on Due Diligence to Detect Fraudulent or Malicious Initiation of CIRP
Published: 14 August 2026
Subhash Chandra Personal Insolvency: ₹22,006 Crore Claims, ₹6.5 Crore Repayment Plan and the Related-Party Voting Question — Explained
Published: 3 November 2026
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