IBBI sets July-December panel rules for Insolvency Professionals
Insolvency Professionals must file consent by June 19 for panel inclusion
Change
IBBI issued 2026 recommendation guidelines for a July-December 2026 panel of Insolvency Professionals eligible for appointment as IRP, RP, Liquidator or Bankruptcy Trustee.
Why it matters
The guidelines set the eligibility and consent route for Insolvency Professionals seeking NCLT or DRT appointments through the six-month panel. Professionals must submit expression of interest by June 19, 2026, hold an AFA valid through the panel period, and accept that inclusion is deemed consent to act when appointed.
Implications
- — Insolvency Professionals seeking July-December 2026 panel inclusion must submit expression of interest and consent by June 19, 2026.
- — Insolvency Professionals included on the panel must accept NCLT or DRT appointment unless permitted to refuse, because unjustified refusal removes the name from the panel for six months.
Who is affected
- — Insolvency Professionals seeking NCLT or DRT appointment
- — Insolvency Professionals acting as IRP, RP, Liquidator or Bankruptcy Trustee
- — Insolvency Professional Agencies supporting member eligibility and AFA compliance
What to watch
- — Expression-of-interest deadline: June 19, 2026
- — Panel validity: July 1, 2026 to December 31, 2026