Insolvency Professional (IBBI) — Step-by-Step Roadmap
Your journey, phase by phase
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Phase 1 · After Class 12 Graduate or professional qualification Law, CA, CS, CMA or management.
- Any Class 12 stream works; you qualify later through a professional qualification plus experience, or the GIP.
- Common bases: advocate, CA, CS, CMA or a management degree.
- Non-residents cannot practise as IPs.
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Phase 2 · Years of work, or 2 years Experience route or GIP Build the years the IP Regulations list, or join IBBI's Graduate Insolvency Programme.
- Experience route: a professional membership or degree plus the years of professional/managerial experience the IP Regulations list (for example 10 years for professionals).
- Graduate route: IBBI's two-year Graduate Insolvency Programme for young graduates and professionals with less than 10 years' experience.
- A fresh graduate cannot enter directly through the experience route.
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Phase 3 · Qualifying exam Limited Insolvency Examination Insolvency law, corporate law, finance and valuation basics.
- The Limited Insolvency Examination is the qualifying exam for IPs; its syllabus and format are published for IBBI.
- It covers insolvency law, corporate law, finance and valuation basics.
- You must enrol with an IPA within 12 months of passing.
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Phase 4 · Within 12 months Enrol with an IPA and take its course Insolvency Professional Agencies enrol and supervise IPs.
- IPAs are front-line regulators that enrol and supervise IPs; IBBI lists them.
- Complete the IPA's pre-registration educational course.
- Then apply to IBBI for registration.
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Phase 5 · After registration IBBI registration and practice An Authorisation for Assignment lets you take cases.
- After IBBI registration you need an Authorisation for Assignment to take cases.
- Work comes from creditors, NCLT appointments and banks; fees for each assignment are approved by creditors under IBBI rules.
- Growth path: associate → IP → partner in an insolvency professional entity.
Verify on the official source
Exam dates, fees, paper patterns and eligibility rules are revised by the regulator from time to time. Treat this roadmap as your map, and confirm the current rules on the official site before you register or pay any fee.