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of <h1>IBBI withdraws Form IP-1 requirement for insolvency professionals, replaced by Assignment Module and revised reporting framework</h1> The Insolvency and Bankruptcy Board of India withdrew the Form IP-1 submission requirement for insolvency professionals across all processes under the Insolvency and Bankruptcy Code, 2016, effective from the circular's issuance date. Previously introduced in 2019 for monitoring assignments, Form IP-1 has been superseded by the Assignment Module on the electronic portal and a revised reporting framework (CP-1 to CP-5) for Corporate Insolvency Resolution Process introduced in May 2025. The withdrawal applies to all registered insolvency professionals, entities, and agencies handling various insolvency processes including interim resolution, liquidation, and bankruptcy proceedings.
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