Notification/Circular No.: F. No. IBBI/2025-26/GN/REG131 dated November 20, 2025
Applicable Act/Rule – Insolvency and Bankruptcy Board of India (IBBI) (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019
With effect from November 20, 2025, IBBI has amended the 2019 Regulations applicable to insolvency resolution of personal guarantors to corporate debtors, by inserting a new mandatory mechanism for filing of e-Forms by resolution professionals.
A new Regulation 23 has been inserted, mandating the filing of Forms and enclosures as notified by IBBI. Resolution professionals must upload these Forms on the Board’s electronic platform within the specific timelines prescribed for each Form. The Board will maintain and update these Forms on its portal as required.
The resolution professional must ensure all filings are accurate and complete. Any filing made after the due date—whether initial, corrected, or updated—will attract a late fee of ₹500 per Form for each calendar month of delay.
Non-compliance, including non-filing, inaccurate filing, incomplete filing, or delay, may invite regulatory action, including refusal to issue or renew the Authorisation for Assignment.
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