Amendment to IBBI Insolvency Resolution Process for Corporate Persons Regulations: The notification amends Regulation 40B relating to filing of forms during the Corporate Insolvency Resolution Process (CIRP). It introduces a structured format and timeline for submitting six forms (CP-1 to CP-5) via an electronic platform. These forms cover various stages of CIRP, from commencement, constitution of the Committee of Creditors (CoC), resolution plan details, and monthly updates, to reporting of avoidance transactions. Non-compliance, including failure to file, inaccurate data, or delays, may lead to regulatory action, such as refusal to issue or renew Authorisation for Assignment.