The ICSI Institute of Insolvency Professionals (IIP) has published a notification inviting applications for the single post of Managing Director at the Insolvency and Bankruptcy Board of India (IBBI). The vacancy was announced on 31 August 2026, with the last date for submission of online applications fixed as 5 September 2026.
The position carries a consolidated annual remuneration ranging from Rs. 24 lakhs to Rs. 30 lakhs. The maximum age limit for applicants is set at 55 years, although the Governing Board of ICSI IIP retains the discretion to relax this upper age limit up to 60 years in deserving cases.
Candidates must possess one of the following essential qualifications: membership in The Institute of Company Secretaries of India, membership in The Institute of Chartered Accountants of India, membership in The Institute of Cost Accountants of India, an MBA degree, or a law graduate degree from a recognised institution. Preference in selection will be given to applicants who are qualified Company Secretaries and possess experience as Insolvency Professionals.
The notification specifies that applicants must have a minimum of 20 years of professional experience in areas including insolvency, banking, finance, corporate laws, insurance, corporate governance, and securities laws. This experience should preferably have been gained within a regulatory body, self-regulatory body, or a reputed organisation. Furthermore, at least five years of this experience must have been served in a Chief Executive Officer (CEO) or next-to-CEO position, or at a Senior Management level.
Experience in regulatory functions, particularly in monitoring and disciplinary mechanisms, will be considered advantageous during the selection process. The ICSI IIP has directed interested candidates to submit their applications exclusively through the online mode, with access to the application portal and the official notification provided via designated links in the notification.
The post is being filled under the administrative framework of the ICSI Institute of Insolvency Professionals, which functions as a recognised insolvency professional agency under the Insolvency and Bankruptcy Code, 2016. The IBBI, established under the same Code, oversees the implementation of insolvency and bankruptcy proceedings in India and regulates insolvency professionals, insolvency professional agencies, and information utilities.
The notification does not indicate any involvement of a court or judicial authority in the recruitment process. All particulars regarding eligibility, remuneration, age relaxation, experience requirements, and application procedure are derived solely from the official vacancy announcement issued by the ICSI Institute of Insolvency Professionals.
No further details regarding the selection procedure, composition of the selection committee, or timeline for interview and appointment have been disclosed in the available excerpt of the notification. The vacancy remains open for applications until the stipulated closing date of 5 September 2026.