<h1>IBBI Announces Common Entrance Test for 5th Graduate Insolvency Programme 2023-25, Applications Close April 27, 2023.</h1> The Chairperson of the Insolvency and Bankruptcy Board of India (IBBI) launched the Common Entrance Test process for the 5th Graduate Insolvency Programme (GIP) for 2023-25. The event marked collaboration between the Indian Institute of Corporate Affairs (IICA) and National Law Institute University (NLIU) to conduct the entrance test. The GIP, initiated in 2019, shortens the path to becoming an insolvency professional from 10 years to 2 years. Previous batches achieved 100% placement. The entrance test will be held in May 2023, with applications closing on April 27, 2023. The program aims to enhance the insolvency ecosystem by training skilled professionals.