The Form IP-1 was for reporting assignments under the Insolvency and Bankruptcy Code (IBC) to facilitate monitoring of appointments such as Interim Resolution Professional, Resolution Professional, Liquidator, and Bankruptcy Trustee. The Board has since transitioned to a more structured and digitized reporting mechanism. It is mandated that Insolvency Professionals (IPs) report appointments under various IBC processes—Corporate Insolvency Resolution Process (CIRP), Liquidation, Voluntary Liquidation, personal guarantor resolution, bankruptcy, and proceedings related to Financial Service Providers, via the Assignment Module on its electronic portal.