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

IBBI - Launch of Revised Forms for the Liquidation Process

05-Jan-2026 | No. IBBI/LIQ/91/2026

The Insolvency and Bankruptcy Board of India (IBBI) has issued a circular regarding the launch of revised forms for the liquidation process. This circular has been issued pursuant to the Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment) Regulations, 2026, which mandate that insolvency professionals file the prescribed forms, along with the relevant enclosures, on the Board?s electronic platform within the stipulated timelines. Through this circular, the IBBI has notified a revised forms framework comprising Forms LIQ-1, LIQ-2, LIQ-3, and LIQ-4. These revised forms are available on the IBBI website with effect from 1 January 2026, and the existing forms stand discontinued. The revised framework has been designed to reduce the compliance burden by eliminating duplication and rationalising data requirements on the portal. The timelines for submission of the specified forms have been detailed in Paragraph 4 of the circular, and the templates of the revised forms are annexed as Annexure-I to the document. It is further clarified that no penalty shall be levied for delayed filing, if any, during the initial quarter (January?March 2026). This relaxation has been provided to enable insolvency professionals to familiarise themselves with the revised forms and to address any technical issues that may arise. Kindly refer to the attached document for further details.

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