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of <h1>Insolvency and Bankruptcy Board sets two-year probation for employees, with possible extension or reduction based on performance.</h1> An employee initially appointed to a grade under the Insolvency and Bankruptcy Board of India (Employees' Service) Regulations, 2017, is subject to a two-year probation period. The Board may extend this period by up to one year for unsatisfactory performance or reduce it for documented reasons. Upon successful completion of probation, the employee is confirmed in their position. During the first month of probation, the employee may be discharged with one day's notice, and thereafter with one month's notice or payment in lieu of notice.
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