A practical course designed to give you in-depth knowledge of the Insolvency and Bankruptcy Code (IBC), liquidation processes, and legal frameworks. Learn through real case studies, expert-led sessions, and get career-ready for roles in insolvency practice, legal consulting, and financial restructuring — all backed by Vantage’s industry-focused approach.
Professional Growth and Networking
Lucrative Earnings Potential
Expanding Career Opportunities
Prestige and Recognition
Impactful Role in Economy
Diverse Work Profile
Case Study Based Learning
Designed by Industry Experts
Digital Learning Support
Exam & Career Preparation
Regulatory & Legal Focus
Insolvency Laws in Practice
Insolvency and Bankruptcy Code,2016
|
mb |
IBBI Rules
|
mb |
IBBI Regulations
|
mb |
As per the Insolvency and Bankruptcy Code, 2016 (the Code), an Insolvency Professional (IP) is defined as an eligible person who is enrolled with an Insolvency Professional Agency (IPA) as its member and is also registered with the Insolvency and Bankruptcy Board of India (IBBI/the Board) as an Insolvency Professional (IP).
An individual is eligible to become an Insolvency Professional (IP) provided he or she is a person resident in India, is not a minor, is solvent (i.e., not an undischarged insolvent and has not applied to be adjudicated as an insolvent), and is of sound mind. The individual must also possess the qualification and experience as specified by the Insolvency and Bankruptcy Board of India (IBBI). Furthermore, the person must not have been convicted by any competent court for an offence punishable with imprisonment for a term exceeding six months or for an offence involving moral turpitude, unless a period of five years has elapsed from the date of expiry of the sentence. Lastly, the individual must be deemed a fit and proper person.
For determining whether an individual is fit and proper for registration as an IP, the Board may take into account any consideration as it deems fit, including but not limited to the following criteria; (i) integrity, reputation and character, (ii) absence of convictions and restraint orders, and (iii) competence, including financial solvency and net worth
No. Only individuals are eligible to become an IP subject to other terms and conditions, as may be applicable.
Yes, in terms of applicable regulations made under the Code, passing of the LIE and completion of PREC is mandatory for becoming an IP.
No. An individual who is not a resident of India cannot render services as an IP. However, he/she may become a partner or director of an Insolvency Professional Entity (IPE) recognised by the Board.
The Board has institutionalized the concept of an Insolvency Professional Entity (IPE) whereby several IPs can come together and pool their resources and capabilities to form an IPE so as to handle insolvency proceedings involving very high stakes or where complex issues of law or practical difficulties are involved. In terms of applicable regulations, the sole objective of IPE would be to provide support services to IPs. An IPE can take the form of a company, a limited liability partnership or a registered partnership firm having minimum net worth of ₹1 crore. However, IPEs are neither enrolled as member of an IPA nor registered as IP with the Board. They cannot act as IPs under the Code but can provide support services to IPs.