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of <h1>Insolvency professionals in India must keep CIRP records for 3 years physically and 8 years electronically.</h1> The Insolvency and Bankruptcy Board of India mandates that insolvency professionals maintain records related to Corporate Insolvency Resolution Processes (CIRP). Records must be kept for at least three years in physical form and eight years in electronic form after the completion of CIRP or related proceedings. Professionals must ensure these records are secure and accessible only to authorized personnel. Specific records to be preserved include appointment details, creditor claims, CoC meetings, resolution plans, and statutory filings. This directive is issued under the authority granted by the Insolvency and Bankruptcy Code and related regulations.
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