Internship Opportunity at the Insolvency and Bankruptcy Board of India (IBBI)

Are you a student aspiring to build a career in insolvency, liquidation, bankruptcy, or related fields? The Insolvency and Bankruptcy Board of India (IBBI) offers a prestigious internship program that provides hands-on experience and exposure to one of the most critical areas of financial and legal governance in India.

This blog post will guide you through the details of the internship program, eligibility criteria, application process, and its unique benefits.

About the Internship

The IBBI internship program is designed to equip students with valuable insights into the workings of insolvency and bankruptcy laws in India. Interns will have the opportunity to work closely with experts at IBBI, contribute to ongoing projects, and prepare a dissertation or work report on mutually agreed topics.

Objective

The internship aims to:

• Provide practical exposure to students in the field of insolvency and bankruptcy.
• Enhance understanding of regulatory practices under IBBI.
• Develop research skills through guided projects.

This program is an excellent stepping-stone for students looking to specialize in insolvency law or financial management.

Eligibility Criteria

The internship is open to students pursuing relevant academic courses at recognized institutions. The eligibility requirements are as follows.

Who can apply?

1. Students pursuing:
   • A 3-year or 5-year degree course in Law.
   • Postgraduate courses in Economics, Commerce, Finance, Management, or Law.
2. Students enrolled in:
   • M.Phil. or Ph.D. programs in Economics, Commerce, Finance, Management, or Law.

Duration

The internship typically lasts for one month, starting from the first working day of the month and ending on the last working day. However, IBBI reserves the right to:

• Extend the internship for up to another month.
• Terminate the internship at any time without providing a reason.

Important Note:

No leave is permitted during the internship. If unavoidable circumstances lead to absence, IBBI may extend the internship period without stipend for the days missed.

Stipend

Interns will receive a lump sum stipend of ₹10,000 per month upon successful completion of their internship. This stipend reflects IBBI’s commitment to supporting young professionals while they gain valuable experience.

Application Process

Interested candidates must submit their applications via email at intern@ibbi.gov.in at least 30 days before the intended start date of their internship. For example:

• To apply for an internship starting in June 2025, applications must be submitted by April 30, 2025.

Steps to Apply

1. Download and complete the application form available in the annexure of the official guidelines.
2. Affix a recent passport-sized photograph.
3. Include a recommendation letter from your institution’s competent authority certifying your eligibility.
4. Write a:
   • Motivation Statement (200 words) explaining your interest in interning with IBBI.
   • Dissertation Understanding (500 words) outlining your topic and objectives.
5. Attach copies of relevant documents (e.g., student ID card).

Incomplete applications or those without institutional recommendations will not be considered.

Selection Process

An internal committee at IBBI will review all applications and shortlist candidates based on merit and suitability. Selected interns will be notified via email at least 15 days before the commencement date of their internship.

Logistics and Support

Interns are required to bring their own laptops for work purposes. IBBI will provide:

• Working space.
• Internet connectivity.
• Access to resources necessary for completing assigned tasks.

Roles and Responsibilities

During the internship, students will:

1. Assist officers/divisions in carrying out ongoing activities at IBBI.
2. Prepare a dissertation or work report on a topic agreed upon with IBBI under expert guidance.
3. Adhere to office discipline and conduct themselves professionally.
4. Submit a declaration of secrecy at the start of their tenure.

Key Points

• Interns must not represent themselves as employees of IBBI.
• Upon satisfactory completion, interns will receive a certificate acknowledging their contributions.

Benefits of Interning at IBBI

1. Professional Exposure: Gain firsthand experience working with one of India’s leading regulatory bodies.
2. Skill Development: Enhance research, analytical, and professional skills through guided projects and assignments.
3. Networking Opportunities: Interact with experts in insolvency law, finance, and management fields.
4. Certification: Receive an official certificate upon successful completion, adding value to your academic credentials.

Important Notes:

• The internship does not guarantee employment with IBBI post-completion.
• The Chairperson of IBBI may relax certain guidelines for deserving candidates.
• Guidelines are subject to periodic review by IBBI.

If you meet the eligibility criteria and are eager to explore this opportunity, don’t wait! Send your application today and take a significant step toward building your career in this dynamic field.

For more details, refer to IBBI’s official website.

Link to IBBI's Internship Guidelines https://ibbi.gov.in/en/legal-framework/guidelines?title=internship+guidelines&date=