CIRP reporting reform: consolidated CP-1 to CP-5 forms and mandatory monthly electronic filing with specified timelines. The IBBI has replaced nine CIRP reporting forms with five consolidated forms CP-1 to CP-5, established a standard monthly reporting cycle, prescribed scopes and timelines for each form, mandated electronic filing via the IBBI platform with DSC/e-signature, set transitional rules for ongoing and admitted CIRPs including extended deadlines to 30 September 2025 and first CP-5 by 10 July 2025, and allowed a no-penalty period for delayed filings during July-September 2025. The circular is issued under section 196(1)(aa) of the IBC.
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CIRP reporting reform: consolidated CP-1 to CP-5 forms and mandatory monthly electronic filing with specified timelines.
The IBBI has replaced nine CIRP reporting forms with five consolidated forms CP-1 to CP-5, established a standard monthly reporting cycle, prescribed scopes and timelines for each form, mandated electronic filing via the IBBI platform with DSC/e-signature, set transitional rules for ongoing and admitted CIRPs including extended deadlines to 30 September 2025 and first CP-5 by 10 July 2025, and allowed a no-penalty period for delayed filings during July-September 2025. The circular is issued under section 196(1)(aa) of the IBC.
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