IBBI has introduced a modification utility on its electronic platform to allow Insolvency Professionals (IPs) to correct or update Corporate Insolvency Resolution Process (CIRP) forms already submitted. Where a form is initially filed and subsequently modified before the prescribed due date, no fee will be levied, as the computation of fees begins only after the due date. It has also announced the commencement of fees for delayed filing of CIRP forms under Regulation 40B of the CIRP Regulations.