Regulation
Regulation 23. Filing of Forms
(1) The resolution professional shall file the Forms, along with enclosures thereto, as notified by the Board through circular, as per the timelines stipulated against each Form. 14 Inserted by Notification No. IBBI/2025-26/GN/REG131, dated 20th November, 2025 (w.e.f. 20.11.2025).
(2) The Board shall make available the Forms referred to in sub-regulation (1) on the electronic platform and may modify them from time to time. (3) The resolution professional shall ensure that the Forms and its enclosures filed under this regulation are accurate and complete. (4) The filing of a Form under this regulation after the due date of submission, whether by correction, updation or otherwise, shall be accompanied by a fee of five hundred rupees per Form for each calendar month of delay after the date notified by the Board. (5) The resolution professional shall be liable to any action which the Board may take as deemed fit under the Code or any regulation made thereunder, including refusal to issue or renew Authorisation for Assignment, for - (i) failure to file a Form along with requisite information and records; (ii) inaccurate or incomplete information or records filed in or along with a Form; or (iii) delay in filing the Form.] 15 [***] 15 Omitted by Notification No. IBBI/2026-27/GN/REG149, dated 01st June, 2026 (w.e.f. 02-06-2026). Before omission, the words stood as under: “FORM A WRITTEN CONSENT TO ACT AS RESOLUTION PROFESSIONAL (Under regulation 4(2) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019) [Date] To The Adjudicating Authority [Name of Bench] From [Name of the Insolvency Professional] [Registration number of the Insolvency Professional] [Address of the Insolvency Professional registered with the Board] Subject: Written consent to act as resolution professional in the matter of [name of guarantor]. 1. I, [name], an insolvency professional enrolled with [name of insolvency professional agency] and registered with the Board, note that I have been proposed to be appointed as resolution professional for the resolution process of [name of the guarantor]. 2. In accordance with regulation 4(2) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019, I hereby give consent to the proposed appointment for the resolution process of [name of the guarantor] 3. I declare and affirm as under: - (a) I am registered with the Board as an insolvency professional. (b) I am not subject to any disciplinary proceedings initiated by the Board or the insolvency professional agency. (c) I do not suffer from any disability to act as a resolution professional. (d) I am eligible to be appointed as resolution professional of the guarantor under regulation 3 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019 and other applicable provisions of the Code and regulations. (e) I shall make the disclosures in accordance with the code of conduct for insolvency professionals as set out in the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016. (f) I am having the following processes in hand: Sl. No. Role as No. of processes on the date of consent 1 Interim Resolution Professional
2 Resolution Professional of: a. Corporate debtors b.Personal guarantors, individuals or partnership firms 3 Liquidator of: a. Liquidation Process b. Voluntary Liquidation Process 4 Bankruptcy Trustee 5 Authorised Representative 6 Any other (please state) Date: Place: (Signature of Insolvency Professional) Registration No.…..
CHAPTER V REPAYMENT PLAN