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of <h1>Insolvency Professionals Can Now Modify CIRP Forms on IBBI Platform; No Fee Until March 31, 2020, per Regulation 40B.</h1> The Insolvency and Bankruptcy Board of India (IBBI) has introduced a feature allowing insolvency professionals to modify submitted CIRP Forms, including the IP-1 Form, in compliance with regulation 40B of the IBBI Regulations, 2016. This modification can be made on the platform upon payment of a fee, although no fee will be charged for modifications made until March 31, 2020. Insolvency professionals are reminded to ensure accuracy and timeliness when submitting forms, as non-compliance may lead to action. This circular is issued under the authority of the Insolvency and Bankruptcy Code, 2016.
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