---
title: "Streamlining Insolvency Appointments: IBBI’s Second (2025) Guidelines for Professionals"
date: 2025-11-24
author: "Shrishail Kittad"
url: https://www.indialaw.in/blog/insolvency-bankruptcy/ibbi-issues-new-2025-guidelines-for-faster-ip-appointments/
---

# Streamlining Insolvency Appointments: IBBI’s Second (2025) Guidelines for Professionals

Posted On - 24 November, 2025 •

By - [Shrishail Kittad](https://www.indialaw.in/people/adv-shrishail-kittad/ "Posts by Shrishail Kittad") and [Rahul Sundaram](https://www.indialaw.in/people/rahul-sundaram/ "Posts by Rahul Sundaram")

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The Insolvency and Bankruptcy Board of India (“Board”) has, on 21 November 2025, released the Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) (Second) Guidelines, 2025 (“Second Guidelines”).  The instrument is intended to operationalise the mandate contained in Sections 16(4), 34(6), 97(4), 98(3), 125(4), 146(3) and 147(3) of the Insolvency and Bankruptcy Code, 2016 (“Code”) read with Rule 8(2) of both the 2019 sets of Rules applicable to personal guarantors.  The immediate trigger is the need to eliminate the administrative lag that occurs each time the Adjudicating Authority seeks a recommendation for appointment of an insolvency professional.  By preassembling a zonewise and benchwise panel in advance, the Board expects to compress the timeline between reference and assumption of office by the chosen professional. 

The Second Guidelines will be effective for a compact, sixmonth cycle commencing 1 January 2026 and ending 30 June 2026, thereby replacing the earlier set issued on 27 May 2025 which stands repealed on the date the new panel becomes operational.  All actions taken under the repealed instrument, however, are expressly saved, ensuring that pending appointments or ongoing processes are not disturbed. 

An insolvency professional can enter the panel only if no disciplinary proceeding, whether instituted by the Board or by the recognised Insolvency Professional Agency, is pending; he has not suffered a conviction in any court of competent jurisdiction during the preceding three years; he has submitted an unconditional expression of interest; and he holds an Authorisation for Assignment (AFA) that remains alive until the last day of the panel’s currency.  The requirement that the AFA remain valid until 30 June 2026 is absolute; any expiry beforehand disqualifies the applicant ab initio. 

The expression of interest is to be tendered in Form A, which is dispatched electronically to every registered professional.  The submission window closes on 22 December 2025, and the completed Form must carry an unqualified consent to serve as Interim Resolution Professional, Liquidator, Resolution Professional or Bankruptcy Trustee in relation to any corporate or individual debtor that may be assigned by any bench of the Adjudicating Authority.  The professional is further obliged to declare the sectors in which he has handled or is handling assignments. The Board will thereafter compile the data and transmit the final panel to all principal benches of the Adjudicating Authority by 31 December 2025. 

The panel is conceived as a single, common repository for all four roles—IRP, RP, Liquidator and BT—and is disaggregated zone wise and bench wise in conformity with the geographical mapping set out in Annexure1.  Professionals registered as Insolvency Professional Entities are exempted from the zone restriction and remain eligible for pan India appointment.  Sorting within each zone is first by the volume of ongoing assignments and, where scores are equal, by the chronological order of registration with the Board, the earlier registrant taking precedence.  This twin criteria formula is intended to balance workload distribution while respecting seniority. 

Consent, once tendered, is irrevocable.  Inclusion in the panel is deemed an undertaking to accept appointment whenever called upon by any Adjudicating Authority.  Withdrawal or refusal is permissible only with the prior sanction of the Authority or the Board; unjustified refusal attracts an immediate excision from the panel and a six-month debarment from future panels.  During the validity of the panel the professional is also expected not to surrender his registration, membership or AFA, thereby ensuring continuity of service.  The Authority retains the residual power to appoint from outside the panel if the facts of a given case so warrant; in such an event the Board may either recommend a name from the existing list or identify a fresh professional, thus preserving operational flexibility. 

By compressing the appointment pipeline, embedding transparent eligibility filters and coupling consent with accountability, the Second Guidelines mark a calibrated evolution in the administration of the Code.  They simultaneously retire the May 2025 framework without disturbing accrued rights, signalling the Board’s intent to refine rather than reinvent.  For stakeholders the message is clear: from 1 January 2026, insolvency appointments will move faster, but the professionals who accept them must do so with eyes wide open and obligations firmly locked in.

For further details write to [contact@indialaw.in](mailto:contact@indialaw.in)

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# IndiaLaw LLP — Offices & Contact Details

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## General Contact

| | |
|---|---|
| **Website** | https://www.indialaw.in |
| **Primary email** | contact@indialaw.in |
| **Primary phone** | +91 836-9995919 |
| **Contact form** | https://www.indialaw.in/connect/ |
| **Careers (separate channel)** | https://www.indialaw.in/careers/ |


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## All Offices (9 locations across 8 cities)

### 1. Mumbai — Registered Office & Head Office (Apeejay Chambers)

| | |
|---|---|
| **Address** | Apeejay Chambers, Ground Floor, Wallace Street, Fort, Mumbai – 400 001 |
| **Phone** | [022-6924-7400](tel:02269247400) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/mumbai/ |
| **Practice focus** | Litigation · Arbitration · Insolvency & Bankruptcy · Corporate · Banking · Real Estate · IP |
| **Notes** | The HQ. 5 partners based here. Handles PAN-India litigation, arbitration, corporate, banking, IP and real estate practice. Largest team across all offices. |

### 2. Mumbai — Non-Litigation Office (Excelsior, Fort)

| | |
|---|---|
| **Address** | 4th Floor, New Excelsior Theatre Pvt. Ltd., Amrit Keshav Nayak Marg, Fort, Mumbai – 400 001 |
| **Phone** | [022-697-40500](tel:022-697-40500) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/mumbai/ |
| **Practice focus** | Non-litigation only — consultations, negotiations, transactional work |
| **Notes** | Opened 2024. Litigation and arbitration remain at the Apeejay Chambers head office. |

### 3. Delhi

| | |
|---|---|
| **Address** | Flat No. 1107 & 1108, Prakashdeep Building, Tolstoy Marg, Connaught Place, New Delhi – 110 001 |
| **Phone** | (general line: +91 836-9995919) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/delhi/ |
| **Practice focus** | Litigation · Arbitration · Insolvency & Bankruptcy · Corporate · Banking · Real Estate |
| **Notes** | 3 partners based here. Located near the Supreme Court of India, Delhi High Court and other appellate bodies. |

### 4. Kolkata

| | |
|---|---|
| **Address** | Centre Point Building, Room No. 214, 2nd Floor, Premises No. 21, Hemanta Basu Sarani, Opp. Great Eastern Hotel, P.S. Hare Street, Kolkata – 700 001, West Bengal |
| **Phone** | [+91 33 4813 1001](tel:+913348131001) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/kolkata/ |
| **Practice focus** | Insolvency & Bankruptcy · Commercial & Civil Litigation · Arbitration · Banking Litigation · Real Estate · Labour & Employment · Consumer |
| **Notes** | Advises banks, NBFCs, MSMEs and corporates on transactions and dispute resolution. Works in close coordination with the Mumbai HO. |

### 5. Chennai

| | |
|---|---|
| **Address** | GF-A, 19 Casa Major Road, Egmore, Chennai – 600 008 |
| **Phone** | (general line: +91 836-9995919) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/chennai/ |
| **Practice focus** | Litigation · Insolvency & Bankruptcy · Real Estate |
| **Notes** | Full-fledged office with experienced legal team. Supported by Mumbai HO. |

### 6. Bengaluru (Bangalore)

| | |
|---|---|
| **Address** | INDIALAW LLP, No. 7 Chinnaswamy Mudaliar Road, Shivaji Nagar, Bangalore – 560 051 |
| **Phone** | [080-4167-2444](tel:08041672444) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/bengaluru/ |
| **Practice focus** | Litigation · Insolvency & Bankruptcy · Real Estate · Family Laws · Labour |
| **Notes** | Located near Bangalore High Court. Handles corporate, commercial, banking and matrimonial disputes. |

### 7. Hyderabad

| | |
|---|---|
| **Address** | 403, 4th Floor, Sanatana Ecstasy Building, beside Tanishq Show Room, Himayathnagar, Hyderabad – 500 029, Telangana |
| **Phone** | [040-6666-5166](tel:04066665166) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/hyderabad/ |
| **Practice focus** | Litigation · Banking · Insolvency & Bankruptcy · Real Estate |
| **Notes** | Particularly well known for complex banking matters and real estate transactions. |

### 8. Cochin (Kochi)

| | |
|---|---|
| **Address** | Second Floor, Pulikkal Building, K.K. Padmanabhan Road, Ernakulam North – 682 018, Kerala |
| **Phone** | [0484-3583961](tel:04843583961) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/cochin/ |
| **Practice focus** | Litigation · Insolvency & Bankruptcy · Real Estate |
| **Notes** | Commercial disputes, property litigation, financial-claim arbitrations and real estate transactions. |

### 9. Noida (NCR)

| | |
|---|---|
| **Address** | No. 16 & 17, Silver Offices, 17th Floor, Wave One, Sector 18, Noida – 201 301 |
| **Phone** | (general line: +91 836-9995919) |
| **Email** | contact@indialaw.in |
| **Page** | https://www.indialaw.in/noida/ |
| **Practice focus** | Aviation · Insurance · Mergers & Acquisitions · Corporate |
| **Office head** | **Mr. Dinesh Gupta** (joined August 2025 to lead and expand the corporate practice) |
| **Notes** | Newest office. Sector-focused on highly regulated industries serving NCR-based clients. |

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## Quick-Dial Phone List

| Office | Phone |
|---|---|
| Mumbai HO (Apeejay) | 022-6924-7400 |
| Mumbai Excelsior | 022-697-40500 |
| Kolkata | +91 33 4813 1001 |
| Bengaluru | 080-4167-2444 |
| Hyderabad | 040-6666-5166 |
| Cochin | 0484-3583961 |
| **General / Marketing line** | **+91 836-9995919** |

Delhi, Chennai and Noida route through the general number.

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## Social Channels

- LinkedIn: https://www.linkedin.com/company/indialaw
- X / Twitter: https://twitter.com/Indialawmumbai
- Facebook: https://www.facebook.com/indialawllp/
- Instagram: https://www.instagram.com/indialawllp

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