The Insolvency and Bankruptcy Board of India (IBBI), on December 18, 2025, notified regarding the introduction of Modification Utility & Commencement of levy of fee for delayed filing of Forms under Regulation 40B of the CIRP Regulation.
The following has been stated namely:-
• The Insolvency and Bankruptcy Board of India vide Circular No. IBBI/CIRP/85/2025, dated 26th May 2025, introduced a revised framework of forms for the Corporate Insolvency Resolution Process (CIRP), effective from June 01, 2025. Para 7 of the said circular inter alia provided that no penalty would be levied on delayed filing of forms during the initial quarter.
• In accordance with the provisions of Regulation 40B of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, it is hereby notified that for all forms that were due on or before 31st December, 2025, and are submitted after the said date, whether by correction, updation, or otherwise, shall be accompanied by a fee of ₹500 (Rupees five hundred only) (excluding GST) per Form for each calendar month of delay, until the date of submission.
[Circular No.: IBBI/CIRP/89/2025]
