Delay reporting in CIRP: form requires periodic status filings when specified insolvency process activities miss prescribed deadlines. The Board mandates filing Form CIRP 7 when specified CIRP activities remain incomplete by their prescribed dates: an initial filing within three days after the missed date and repeated every thirty days thereafter until completion, with only one form filed at a time. The form collects IP and corporate debtor details, identifies the delayed activity, lists categorical reasons for delay (including stays, non cooperation, late orders, or CoC matters), requires a brief narrative and upload of any relevant adjudicating authority order, and must be digitally signed by the IP.
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Provisions expressly mentioned in the judgment/order text.
Delay reporting in CIRP: form requires periodic status filings when specified insolvency process activities miss prescribed deadlines.
The Board mandates filing Form CIRP 7 when specified CIRP activities remain incomplete by their prescribed dates: an initial filing within three days after the missed date and repeated every thirty days thereafter until completion, with only one form filed at a time. The form collects IP and corporate debtor details, identifies the delayed activity, lists categorical reasons for delay (including stays, non cooperation, late orders, or CoC matters), requires a brief narrative and upload of any relevant adjudicating authority order, and must be digitally signed by the IP.
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