Filing of Forms to monitor insolvency resolution processes for Personal Guarantors to Corporate Debtors under the Insolvency and Bankruptcy Code, 2016, and the regulations made thereunder
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Monitoring of personal guarantor insolvency processes requires electronic filing of specified forms within prescribed timelines and compliance obligations. The Board requires Resolution Professionals to file stage specific electronic Forms (PGIRP 1 to PGIRP 6) on its portal for insolvency resolution processes of personal guarantors, with DSC/e signature and OTP authenticated modification capability. Each Form must be submitted within the prescribed timeline following the relevant event, with templates and mandatory document uploads provided. RPs bear sole responsibility for timely, complete and accurate filing; non compliance or inaccurate filings may attract Board actions including refusal to issue or renew Authorisation for Assignment. A transitional period before penalties is specified, and technical support and FAQs are available.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Monitoring of personal guarantor insolvency processes requires electronic filing of specified forms within prescribed timelines and compliance obligations.
The Board requires Resolution Professionals to file stage specific electronic Forms (PGIRP 1 to PGIRP 6) on its portal for insolvency resolution processes of personal guarantors, with DSC/e signature and OTP authenticated modification capability. Each Form must be submitted within the prescribed timeline following the relevant event, with templates and mandatory document uploads provided. RPs bear sole responsibility for timely, complete and accurate filing; non compliance or inaccurate filings may attract Board actions including refusal to issue or renew Authorisation for Assignment. A transitional period before penalties is specified, and technical support and FAQs are available.
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