Insolvency Professionals Regulations Updated: Time Frame Extended from Twelve to Twenty-Four Months Under Section 196 and 207

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....The IBBI issued an amendment to the Insolvency Professionals Regulations, 2025, modifying regulation 5(a) by replacing "twelve" with "twenty-four". The amendment, enacted under sections 196 and 207 of the Insolvency and Bankruptcy Code, 2016, expands a regulatory parameter for insolvency professionals. The regulation takes effect upon publication in the Official Gazette, signaling a substantive change in professional qualification or duration requirements within the insolvency regulatory framework.....