Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2025

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..... 2. In the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, in Schedule -I, for Form H, the following Form shall be substituted, namely:- "FORM H COMPLIANCE CERTIFICATE (Under Regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 I, [Name of the resolution professional], an insolvency professional enrolled with [name of insolvency professional agency] and registered with the Board with registration number [registration number], am the resolution professional for the corporate insolvency resolution process (CIRP) of [name of the corporate debtor (CD)]. 1A. The details of the CIRP are as under: Sl. No. Particulars Description 1 Name of the CD   2 Date of Initiation of CIRP   3 Date of Appointment of IRP   4 Date of Publication of Public Announcement   5 Date of Constitution of CoC   6 Date of First Meeting of CoC   7 Date of Appointment of RP   8 Date of Appointment of Registered Valuers ....

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.... where all the members of the CoC were present. or I sought vote of members of the CoC by electronic voting system which was kept open at least for 24 hours as per regulation 26. [strike off the part that is not relevant] 3. The details and documents related to the successful resolution applicant are as under: Sl. No. Particulars Description 1. Name of Successful Resolution Applicant (SRA)   2. Nature of Business of SRA   3. Relationship status of SRA with CD, if any   4. Whether SRA is eligible to submit plan u/s 240A of IBC in case of MSME CD   5. Due Diligence Certificate of the RP u/s 29A of IBC for the SRA (pls attach copy of certificate)   4. The details of CIRP, and resolution plan are as under: Sl. No. Particulars Description 1. Whether Corporate Debtor is an MSME, if so, Date of obtaining MSME registration (pls attach copy of registration certificate)   2. Business of the CD)   3. Total admitted claims (Amount in Rs.) Sl. No. Description ....

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....amount to Other than admitted Corporate Guarantee claims   7B. Details of Realisable amount: (Amount In Rupees) Stakeholder Type Amount(s) Payment schedule Amount Claimed Amount Admitted Realisable amount under the plan Amount realizable in plan to amount claimed (%)   Secured Financial Creditors  • Creditors not having a right to vote under sub-section (2) of section 21 • Dissenting • Assenting            Unsecured Financial Creditors • Creditors not having a right to vote under sub-section (2) of section 21 • Dissenting • Assenting           Operational Creditors            (i) Government           (ii) Workmen • PF dues • Other dues           (iii) Employees ....

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....f the same. 14. Details of other IAs pending against the Corporate Debtor: Filing No. Date of Application Applicant(s) name Respondent (s) name Amount Involved, if any Issue involved (in brief)                         15. Other compliances a. The committee has approved a plan providing for contribution under regulation 39B as under: (i) Estimated liquidation cost: Rs.............. (ii) Estimated liquid assets available: Rs.............. (iii) Contributions required to be made: Rs............. (iv) Financial creditor wise contribution is as under: Sl. No. Name of financial creditor Amount to be contributed (Rs.) 1     2     ....     Total     b. The committee has recommended under regulation 39C as under:  (i) Sale of corporate debtor as a going concern:  Yes / No (ii) Sale of business of corpo....

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.... in favour of the resolution plan (d) provides for the management of the affairs of the corporate debtor (e) provides for the implementation and supervision of the resolution plan (f) does not contravene any of the provisions of the law for the time being in force     Section 30(4) The Resolution Plan (a) is feasible and viable, according to the CoC (b) has been approved by the CoC with 66% voting share     Section 31(1) The Resolution Plan has provisions for its effective implementation plan, according to the CoC     Regulation 38 (1) The amount due to the operational creditors under the resolution plan has been given priority in payment over financial creditors     Regulation 38(1A) The resolution plan includes a statement as to how it has dealt with the interests of all stakeholders     Regulation 38(1B) Neither the Resolution Applicant nor any of its related parties has failed to implement or contributed to the failure of implementation of any res....