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Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
IBBI has specified the operative formats to be used under the CIRP Regulations, as amended by the Third Amendment Regulations, 2026. The circular prescribes forms for public announcement, consent of resolution professional and authorised representative, list of assets and records, and proofs of claim by operational creditors, financial creditors, workmen, employees and other creditors. It also sets the formats for withdrawal of CIRP, invitation for expression of interest, two-stage approval of resolution plans, and the compliance certificate. The enclosed forms standardise disclosures, claim particulars, voting-related details, and compliance confirmations for use in corporate insolvency resolution processes.
IBBI has specified the operative formats to be used under the CIRP Regulations, as amended by the Third Amendment Regulations, 2026. The circular prescribes forms for public announcement, consent of resolution professional and authorised representative, list of assets and records, and proofs of claim by operational creditors, financial creditors, workmen, employees and other creditors. It also sets the formats for withdrawal of CIRP, invitation for expression of interest, two-stage approval of resolution plans, and the compliance certificate. The enclosed forms standardise disclosures, claim particulars, voting-related details, and compliance confirmations for use in corporate insolvency resolution processes.
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