What is IBBI and what do its officers do?

The Insolvency and Bankruptcy Board of India (IBBI) was established in 2016 under the Insolvency and Bankruptcy Code (IBC) to regulate the insolvency resolution process for corporates, partnerships, and individuals. IBBI officers work on regulation drafting, supervision of Insolvency Professionals (IPs) and Insolvency Professional Agencies (IPAs), examination and certification of resolution professionals, adjudicating complaints, and developing insolvency policy frameworks. The IBC has fundamentally transformed India's credit culture, and IBBI is at the centre of this legal and financial reform, making it an intellectually stimulating regulatory career.

What is the IBBI Officer Grade-A exam pattern?

Phase I is a 100-question MCQ test in 120 minutes with -0.25 negative marking. It covers Insolvency and Bankruptcy Law (IBC 2016 and related regulations), Finance and Accounting (corporate finance, credit analysis), General Studies and Economy (Indian economy, financial sector reforms, current affairs), and Reasoning. Phase II includes descriptive papers on Law and Finance. The exam is rated very-hard because it requires simultaneous mastery of complex commercial law and corporate finance, a combination that demands breadth and depth not seen in most financial regulator exams.

What is the eligibility for IBBI Officer Grade-A?

Candidates with degrees in Law (LLB/LLM), Commerce, Economics, Finance (MBA), CA, CMA, or CS from recognised universities are eligible. A background combining legal and financial education is ideal given the nature of insolvency work. The age limit is 21 to 30 years. Candidates who have worked with insolvency professionals, NCLT (National Company Law Tribunal), or law firms handling corporate restructuring have significant practical exposure that benefits them during the interview stage.

What is the salary and career growth at IBBI?

IBBI Officer Grade-A receives a starting basic pay of approximately Rs. 44,500 with allowances, with a total CTC of Rs. 12–15 lakh per annum at entry. IBBI follows a similar pay structure to other financial sector regulators like SEBI and PFRDA. Career growth leads to Grade B, C (Deputy Director), and D (Director) roles. Officers who develop expertise in insolvency regulation, cross-border insolvency, or corporate governance are highly valued in both the regulator and the broader legal-financial ecosystem.

How should I prepare for the IBBI Officer Grade-A exam?

Study the Insolvency and Bankruptcy Code 2016 in full along with all IBBI regulations (CIRP, Liquidation, Personal Insolvency, Voluntary Liquidation, IPA, and IP regulations) from the IBBI official website. Study NCLT and NCLAT judgements on landmark insolvency cases such as Essar Steel, Bhushan Power, and Jet Airways to understand practical application. For Finance, revise corporate finance, credit analysis, and valuation from MBA textbooks. Follow economic surveys, budget documents, and IBBI annual reports. Practise Phase II descriptive writing using model answers from SEBI Grade A and UPSC Law papers.

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IBBI Officer Grade-A Preparation Guide

Insolvency and Bankruptcy Board of India (IBBI)

Your Complete Preparation Guide for IBBI Officer Grade-A 2027 — strategy, study plan, tips & more.

DifficultyVery Hard

Total Marks100

Duration120 min

Start Practising Now →Free Mock Tests

Exam Overview

Mode

Online CBT (Phase I + Phase II) + Interview

Frequency

Annual

Next Exam Date

2027-02-05

EEligibility Criteria

Graduate/Post-Graduate in Law/Finance/CA/MBA/ICSI; age 21-30 years

ANumber of Attempts

No restriction (subject to upper age limit)

Study Plan by Subject

Insolvency & Bankruptcy Law

Week 1-4: Foundation

Core concepts & basics

Week 5-8: Deep Practice

Advanced problems & revision

Week 9-12: Mock Tests + Revision

Full-length tests & weak-area focus

Refer to official syllabus for complete topic list

Finance & Accounting

Week 1-4: Foundation

Core concepts & basics

Week 5-8: Deep Practice

Advanced problems & revision

Week 9-12: Mock Tests + Revision

Full-length tests & weak-area focus

Refer to official syllabus for complete topic list

General Studies & Economy

Week 1-4: Foundation

Core concepts & basics

Week 5-8: Deep Practice

Advanced problems & revision

Week 9-12: Mock Tests + Revision

Full-length tests & weak-area focus

Refer to official syllabus for complete topic list

Reasoning

Week 1-4: Foundation

Core concepts & basics

Week 5-8: Deep Practice

Advanced problems & revision

Week 9-12: Mock Tests + Revision

Full-length tests & weak-area focus

Refer to official syllabus for complete topic list

Expert Preparation Tips

Study the Insolvency and Bankruptcy Code 2016 and all IBBI regulations in full from the IBBI official website—this is the core of the exam.

Analyse landmark NCLT/NCLAT insolvency cases (Essar Steel, Bhushan Power, Jet Airways) to understand IBC application in practice.

Revise corporate finance, credit analysis, and valuation using MBA-level textbooks alongside legal insolvency concepts.

Practise Phase II descriptive answers by studying SEBI Grade A and UPSC Law optional model answers for writing precision and structure.

Exam Pattern at a Glance

Section	Questions	Marks	Duration (est.)
Insolvency & Bankruptcy Law	25	25	30 min
Finance & Accounting	25	25	30 min
General Studies & Economy	25	25	30 min
Reasoning	25	25	30 min
Total	100	100	120 min

Important Dates

Registration Opens

2026-12-10

Next Exam Date

2027-02-05

Conducted By

Insolvency and Bankruptcy Board of India (IBBI)

Frequently Asked Questions

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