<h1>IBBI Sets New Rules for Filing Grievances Against Insolvency Professionals, Effective December 7, 2017, with Refundable Fee.</h1> The Insolvency and Bankruptcy Board of India (IBBI) has introduced the IBBI (Grievance and Complaint Handling Procedure) Regulations, 2017, effective from December 7, 2017. These regulations allow stakeholders involved in insolvency processes to file grievances or complaints against service providers like insolvency professionals or agencies. The procedure ensures fair handling of grievances, requiring detailed submissions about the alleged misconduct and its impact. A complaint must be filed with a fee of INR 2,500, refundable if the complaint is deemed non-frivolous. The IBBI may conduct inspections or investigations if a prima facie case is established.