India’s Insolvency and Bankruptcy Code (IBC) has opened a new professional frontier for mid-career experts through the IRP certification. With over 4,300 registered Insolvency Professionals (IPs) by 2024, the domain is dominated by Chartered Accountants but is seeing growing interest from lawyers and company secretaries. In this article, you will witness how IRP certification is transforming careers across law, finance, and corporate governance.
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Introduction
India’s Insolvency and Bankruptcy Code (IBC) opened a new professional avenue for mid-career experts to become licensed Insolvency Resolution Professionals (IRPs). The qualifying exam conducted by the Insolvency and Bankruptcy Board of India (IBBI) – often called the Limited Insolvency Examination – enables seasoned professionals from various fields to register as Insolvency Professionals (IPs).
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