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Corporate Laws Central Ministry of Corporate Affairs Insolvency and Bankruptcy Code, 2016

IBBI issues circular on Introduction of Modification Utility & Commencement of Levy of Fee for Delayed Filing of Forms under Regulation 40B of the CIRP Regulations

18-Dec-2025 | Circular No.: IBBI/CIRP/89/2025

IBBI has issued a circular on Introduction of Modification Utility & Commencement of levy of fee for delayed filing of Forms under Regulation 40B of the CIRP Regulations.

IBBI has introduced a modification utility on its electronic platform to allow Insolvency Professionals (IPs) to correct or update forms already submitted, using OTP-based authentication. If a form is submitted and modified before its due date, no fee will be charged, as the delay fee applies only after the due date.
A revised CIRP forms framework has been in effect since 1 June 2025, with no penalty for delayed filing during the initial quarter. For forms due on or before 31 December 2025, any submission made after that date (including corrections or updates) will attract a fee of Rs. 500 per form per calendar month of delay (excluding GST).

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