IBBI has issued new guidelines for creating a panel of Insolvency Professionals (IPs) eligible for appointment as Interim Resolution Professionals (IRPs), Resolution Professionals (RPs), Liquidators, and Bankruptcy Trustees (BTs). These guidelines apply to references from the National Company Law Tribunal (NCLT) and Debt Recovery Tribunal (DRT) under IBC. The panel will be zone and bench wise, and aims to minimize delays in appointments. Inclusion in the panel implies consent to accept appointments unless permitted otherwise by IBBI or the adjudicating authority.