The Insolvency and Bankruptcy Board of India (IBBI) has issued the Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2025, effective from November 20, 2025, to strengthen governance and workload management for insolvency professionals. A key amendment, Regulation 7B, limits individual insolvency professionals (non-entities) to a maximum of ten concurrent assignments across corporate insolvency resolution and liquidation processes, with no more than three assignments exceeding admitted claims of ₹1,000 crore each. Professionals currently exceeding these limits must refrain from accepting new assignments until their load falls below the prescribed ceiling. Additionally, changes to the Code of Conduct specify that certain actions now require prior approval from the Adjudicating Authority instead of the Board, and clarifications in Clause 22 have been removed. These amendments aim to enhance efficiency, prevent overburdening, ensure quality of service, and strengthen accountability of insolvency professionals handling complex corporate and liquidation assignments under the Insolvency and Bankruptcy Code, 2016.
INSOLVENCY AND BANKRUPTCY BOARD OF INDIA
NOTIFICATION
New Delhi, the 20th November, 2025
Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2025
F. No. IBBI/2025-26/GN/REG132.—In exercise of the powers conferred by section 196, sections 207 and 208 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Insolvency and Bankruptcy Board of India hereby makes the following regulations to further amend the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016, namely: –
(1) These regulations may be called the Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2025.
(2) They shall come into force on the date of publication in the Official Gazette.
2. In the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016, (hereinafter referred to as „the principal regulations‟), after regulation 7A, the following regulation shall be inserted, namely: –
“Number of Assignments.
7B. An insolvency professional who is not an insolvency professional entity, shall not at any point of time, have more than ten assignments in aggregate as interim resolution professional and resolution professional in a corporate insolvency resolution process and as a liquidator in a liquidation process, of which not more than three assignments shall have admitted claims exceeding one thousand crore rupees each:
Provided that an insolvency professional who is not an insolvency professional entity, already holding more such assignments than the limit specified in this regulation on the date of commencement of Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2025, shall not accept any such new assignment until the number of his ongoing assignments falls below the limit specified in this regulation.”
3. In the principal regulations, in the Code of Conduct for Insolvency Professionals specified in the First Schedule,
i. in clause 6, for the words “the approval of the Board”, the words “the prior approval of the Adjudicating Authority” shall be substituted.
ii. the clarification to clause 22 shall be omitted.
RAVI MITAL, Chairperson
[ADVT.-III/4/Exty./488/2025-26]
Note : The Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016 were published vide notification No. IBBI/2016-17/GN/REG003 dated 23rd November, 2016 in the Gazette of India, Extraordinary, Part III, Section 4, No. 424 on 23rd November, 2016 and were last amended by the Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Amendment) Regulations, 2025 published vide notification No. IBBI/2025-26/GN/REG123, dated 03rd April, 2025 in the Gazette of India, Extraordinary, Part III, Section 4, No. 276 on 03rd April, 2025.
