IBBI Regulations Amendment Notification Dated 03/04/2025

Amendment to IBBI Insolvency Resolution Process for Corporate Persons (CIRP) Regulations:  The amendment revises Form H, the Compliance Certificate under Regulation 39(4) of CIRP Regulations. The updated Form H provides a comprehensive reporting format for resolution professionals, covering key milestones of the corporate insolvency resolution process (CIRP), from initiation to implementation. The form requires disclosure of dates related to CoC constitution, EoI issuance, resolution plan submission, approval, and filing with the adjudicating authority. It includes detailed information on fair and liquidation values, meeting records, realisable amounts, performance guarantees, and implementation terms. (IBBI Notification Dated 03/04/2025)

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