Build a career as a IBBI Limited Insolvency Exam
The exam IBBI requires before you can register as an insolvency professional under the IBC.
Know the IBBI Limited Insolvency Exam before you start
65 MCQs, 100 marks, 2 hours
Exam Format
60/100, with 25% negative marking
Pass Mark
113 of 717 attempts (about 16%)
Pass Rate (Jul 2025 - Jun 2026)
₹5,000 + GST = ₹5,900 per attempt
Fee
Roles & salary as you grow
The IBBI Limited Insolvency Exam opens an entry role that promotes upward: here's the ladder and what each rung pays.
Stage 1
Insolvency Professional
Fees set per assignment
Registered IPs act as interim resolution professional, resolution professional, liquidator or bankruptcy trustee. IBBI had 4,359 individual IPs as on 30 June 2026.
Stage 2
Resolution Professional
Appointed by the Committee of Creditors
Runs the company during CIRP, collates claims, runs CoC meetings and puts resolution plans to the vote.
Stage 3
Liquidator
Fee as the Liquidation Regulations provide
Takes over a company's assets when no plan succeeds, realises them and distributes the proceeds in the order the Code sets.
Stage 4
Insolvency Advisory and Support
Firms, banks, ARCs
Advisory firms, insolvency professional entities, banks and asset reconstruction companies value people who know the Code and process in depth.
*Indicative ranges from public data; actual pay varies by employer, city and cycle.
Are you eligible?
Education
IBBI sets no published qualification for sitting the exam. To register as an insolvency professional afterwards you need 10 years as a CA, CS, cost accountant or advocate; 10 years in law or management after an LLB, master's in management or two-year PGDM; 15 years in management after a degree; or IBBI's Post Graduate Insolvency Programme.
Age
No age limit is published for the exam. Registration as an IP is barred for minors, and an IP can obtain an Authorisation for Assignment only before turning 70.
Nationality
Test centres across India. Registration as an IP requires you to be resident in India.
How the IBBI Limited Insolvency Exam is structured
One online, computer-based paper at a proctored test centre: 65 MCQs for 100 marks in 2 hours. 30 questions carry 1 mark and 35 carry 2 marks; the 2-mark questions come in six case studies worth 70 marks in total. A wrong answer loses 25% of the question's marks and 60% is needed to pass. It is not open book. Laws are tested as in force on 4 February 2025. The exam runs on every working day, and you can retake it any number of times with a 21-day gap.
Limited Insolvency Examination
What you'll study
menu_bookThe Code and Its Regulations (10%)
menu_bookBusiness Laws (4%)
menu_bookGeneral Laws (7%)
menu_bookFinance, General Awareness and Case Laws (9%)
menu_bookCase Studies (70%)
How to crack the IBBI Limited Insolvency Exam
Check the IP eligibility rules
The exam is open, but registration needs one of the regulation 5 routes. A pass is usable for 24 months, so time it to your experience.
Register on the NSEIT portal
From IBBI's Limited Insolvency Examination page. Registration is free and needs your email, photo and PAN card.
Book a slot and pay
Choose city, centre, date and time on any working day, and pay ₹5,900 online.
Study the Code and regulations
Laws as in force on 4 February 2025, IBBI's 72 prescribed judgments, and plenty of case-study practice.
Take the exam
65 MCQs in 2 hours at the test centre. Score 60/100; wrong answers lose 25% of the question's marks.
Enrol with an IPA and register
Join an insolvency professional agency within 24 months, apply to IBBI through it and complete the 50-hour pre-registration course.
The IBBI Limited Insolvency Exam cycle
Every working day, booked online
From 1 July 2025 (laws as on 4 February 2025)
21 days between attempts
Within 30 days of passing
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IBBI Limited Insolvency Exam: common questions
Who conducts the IBBI Limited Insolvency Examination?
IBBI, through its test administrator NSEIT Limited. NISM is not involved: it administers IBBI's separate Valuation Examinations.
What are the passing marks?
60 out of 100. Each wrong answer loses 25% of that question's marks; unanswered questions score zero.
What is the IBBI exam fee?
₹5,000 plus GST, ₹5,900 in total, per attempt. It is non-refundable.
How many attempts are allowed?
Unlimited, with a 21-day cooling-off period between consecutive attempts.
How long is the pass valid?
For IP registration, the pass must be within 24 months before you apply to enrol with an insolvency professional agency. It was 12 months until April 2025.
How hard is the exam?
Hard: IBBI's newsletter shows 113 passes from 717 attempts between July 2025 and June 2026. Case studies carry 70 of the 100 marks.
Are previous year papers available?
No. Each paper is system-generated and IBBI does not disclose questions. It publishes one model question paper with answers for the current series.
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