IBBI Mandates Digital Filing of CIRP Forms Under Third Amendment Effective June 1

The IBBI has issued a notification mandating the digital submission of Corporate Insolvency Resolution Process (CIRP) forms effective from June 1, under its third amendment. The step aims to enhance transparency, standardize data reporting, and streamline regulatory compliance for insolvency professionals and stakeholders. The digitized format will ensure real-time tracking and reduce delays in resolution timelines. This regulatory upgrade is in line with the government’s push for greater digital integration and efficient governance in the insolvency framework. Non-compliance with this mandate may attract penalties.