The Insolvency and Bankruptcy Board of India (IBBI) is a significant regulatory body established to manage the IBC Code. It regularly announces vacancies for various positions, attracting talented professionals. Aspirants typically need to possess a graduate degree in a relevant field and meet age criteria. The selection process often involves a written examination and/or interview, focusing on domain knowledge and analytical skills.
About IBBI
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The Insolvency and Bankruptcy Board of India was established on 1st October, 2016 under the Insolvency and Bankruptcy Code, 2016 (Code). It is a key pillar of the ecosystem responsible for implementation of the Code that consolidates and amends the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner for maximization of the value of assets of such persons, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders.
It is a unique regulator: regulates a profession as well as processes. It has regulatory oversight over the Insolvency Professionals, Insolvency Professional Agencies, Insolvency Professional Entities and Information Utilities. It writes and enforces rules for processes, namely, corporate insolvency resolution, corporate liquidation, individual insolvency resolution and individual bankruptcy under the Code. It has recently been tasked to promote the development of, and regulate, the working and practices of, insolvency professionals, insolvency professional agencies and information utilities and other institutions, in furtherance of the purposes of the Code. It has also been designated as the ‘Authority’ under the Companies (Registered Valuers and Valuation Rules), 2017 for regulation and development of the profession of valuers in the country.
Official Address
Contact Information
- +91 11 2346 2900
- Visit Official Website
This organization has released 6 recruitment notifications in the last 3 years.
Expired / Closed Notifications
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IBBI Invites Application for Network Engineer Recruitment 2022Closed: May 23, 2022
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IBBI Invites Application for Website Developer Recruitment 2022Closed: Mar 28, 2022
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IBBI Invites Application for Whole Time Member Recruitment 2021Closed: Jan 29, 2022
IBBI Recruitment 2026: Career Guide & Vacancy Details
The Insolvency and Bankruptcy Board of India (IBBI) is a statutory body that plays a crucial role in the insolvency and bankruptcy ecosystem of the country. Established under the Insolvency and Bankruptcy Code, 2016, IBBI aims to consolidate and amend laws relating to the reorganization and insolvency resolution of entities, including individuals, LLPs, and companies, in a timely manner. Its continuous growth and expanding mandate create regular career opportunities for dedicated professionals.
About IBBI Careers
| Details | The Insolvency and Bankruptcy Board of India (IBBI) is a statutory body responsible for the development and regulation of the insolvency and bankruptcy framework in India under the Insolvency and Bankruptcy Code, 2016. |
| Type | Statutory Body |
| HQ | New Delhi |
| Entry Gateways | Direct Recruitment, Deputation, Lateral Entry (Specific Post Dependent) |
| Salary Range | Level 7 onwards (As per 7th CPC recommendations, varies by post) |
Organization Overview
IBBI's primary function is to regulate insolvency professionals, agencies, and information utilities. It sets standards for their conduct and exercises oversight. The Board also develops the insolvency framework and recommends amendments to the Code, ensuring efficiency and fairness in the resolution process. Working at IBBI offers a unique opportunity to contribute to the nation's economic health and legal framework.
Key Job Profiles
- Assistant Manager (various disciplines like Law, Finance, Economics, Administration)
- Deputy Manager
- Manager
- Legal Officer
- Assistant Director
Salary & Benefits
Employees at IBBI are compensated as per the 7th Central Pay Commission (CPC) recommendations. Salaries are structured based on the pay level of the appointed post, typically starting from Level 7 or higher for entry-level managerial positions. In addition to basic pay, employees receive Dearness Allowance (DA), House Rent Allowance (HRA), and Transport Allowance (TA), along with other benefits like medical facilities, leave encashment, and contributory provident fund. The exact salary and benefits depend on the specific post and government rules.
Selection Process
The selection process for various positions at IBBI generally involves multiple stages. These may include a preliminary examination (often objective type) to screen candidates, followed by a descriptive paper or interview to assess in-depth knowledge, analytical abilities, and communication skills. For specialized roles, specific exams or tests conducted by professional bodies might be leveraged. Candidates are advised to refer to the official notification for precise details regarding the selection procedure for each recruitment cycle.
How to Crack IBBI Exams
Success in IBBI recruitment demands thorough preparation. Begin by understanding the syllabus and exam pattern for your target post. Focus on core subjects like Insolvency and Bankruptcy Law, Company Law, Contract Law, and relevant economic principles. Practice with previous years' question papers and mock tests to identify weak areas and improve time management. Staying updated on recent amendments and landmark cases related to insolvency is crucial. A clear understanding of the IBBI's role and the IBC Code is vital for both written tests and interviews.
Disclaimer: All details are sourced from official notifications. MySarkariNaukri.com provides informational guidance only and is not affiliated with any government agency.
Verification Source: ibbi.gov.in
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