The Insolvency and Bankruptcy Board of India (IBBI) on December 29, 2025, issued the formats for the statement for beneficial ownership and affidavit under the CIRP Regulations.
The following has been stated:
• Regulation 38(3A) of the CIRP Regulations, notified on December 23, 2025, mandates that every resolution plan must include:
o A Statement of Beneficial Ownership, and
o An Affidavit declaring whether the resolution applicant is eligible or not eligible for the benefit under Section 32A of the Insolvency and Bankruptcy Code.
• The prescribed formats are:
o Annexure-1: Statement of Beneficial Ownership
o Annexure-2: Affidavit regarding eligibility under Section 32A
• The Resolution Professional is responsible for ensuring that both the Statement and the Affidavit:
o Form part of the resolution plan submitted to the Committee of Creditors (CoC), and are subsequently filed before the Adjudicating Authority under Section 30(6) of the Code.
Please refer to the document attached below for more details and annexures.
[Notification No. IBBI/CIRP/90/2025]
