IBBI lifts ban allowing one professional to manage firm insolvency and guarantor bankruptcy together

One resolution pro can now steer both cases

The IBBI has amended its insolvency regulations to permit the same resolution professional to handle both a distressed firm’s resolution and the bankruptcy proceedings of its personal guarantors. By removing the earlier restriction on dual roles, the watchdog says the move will harmonize timelines, decision-making, and coordination across the two linked processes.