The Indian Institute of Insolvency professionals of ICAI ‘IIIPI’, a wholly owned subsidiary of the Institute of Chartered Accountants of India ‘ICAI’, is a section 8 Company promoted by ICAI to enrol and regulate insolvency professionals as its members in accordance with the Insolvency and Bankruptcy code 2016 and read with regulations. The parent body of IIIPI i.e. ICAI is a Statutory body established under the Chartered Accountants Act, 1949 for regulation of the profession of Chartered Accountants in India. ICAI is the second largest accounting body in the world with a strong tradition of service to the public interest and to the Indian economy. IIIPI has been awarded with the registration certificate as the First Insolvency Professional Agency of India by Hon’ble Union Finance Minister Shri Arun Jaitley on 28th November 2016 at Delhi. IIIPI is the largest IPA with nearly two-third of members in India, has attracted members from a diverse stream including Chartered Accountant, Company Secretary, Cost Accountant, Advocates and Management Professionals. IIIPI is one of the key pillars in the insolvency and bankruptcy regime. It is a front-line regulator required to discharge multiple statutory responsibilities. It is responsible for the development and regulation of insolvency profession and professionals, besides building knowledge and capacity of stakeholders. In a parlance, it is a mini-State, last in the hierarchy of parliamentary delegation of authority with regulatory, executive and quasi-judicial responsibilities.