{"id":3970,"date":"2026-01-05T22:37:58","date_gmt":"2026-01-05T22:37:58","guid":{"rendered":"https:\/\/bhatiabhola.com\/?p=3970"},"modified":"2026-01-05T22:38:31","modified_gmt":"2026-01-05T22:38:31","slug":"ibbi-circular-dated-29-12-2025-statement-of-beneficial-ownership-and-affidavit-under-cirp-regulations","status":"publish","type":"post","link":"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/01\/05\/ibbi-circular-dated-29-12-2025-statement-of-beneficial-ownership-and-affidavit-under-cirp-regulations\/","title":{"rendered":"IBBI Circular Dated 29\/12\/2025 &#8211; Statement of Beneficial Ownership and Affidavit under CIRP Regulations\u00a0"},"content":{"rendered":"\n<p>The circular prescribe mandatory formats for the Statement of Beneficial Ownership and an Affidavit on eligibility under section 32A of the IBC. It requires every resolution plan to disclose detailed beneficial ownership information of the Prospective Resolution Applicant (PRA) and to include a sworn affidavit clarifying whether the PRA is eligible for section 32A immunity. The Resolution Professional is expressly made responsible for ensuring that both documents form part of the resolution plan submitted to the Committee of Creditors and are filed before the Adjudicating Authority under section 30(6) of IBC.\u00a0<\/p>\n\n\n\n<p><a href=\"https:\/\/ibbi.gov.in\/uploads\/legalframwork\/5c12fc0543280761fec1424710116fc9.pdf\"><em>(Link: IBBI Circular Dated 29\/12\/2025)<\/em><\/a><em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The circular prescribe mandatory formats for the Statement of Beneficial Ownership and an Affidavit on eligibility under section 32A of [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[66,71],"tags":[],"class_list":["post-3970","post","type-post","status-publish","format-standard","hentry","category-ibbi","category-circulars-ibbi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>IBBI Circular Dated 29\/12\/2025 - Statement of Beneficial Ownership and Affidavit under CIRP Regulations\u00a0 - Bhatia Bhola &amp; Associates LLP<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/01\/05\/ibbi-circular-dated-29-12-2025-statement-of-beneficial-ownership-and-affidavit-under-cirp-regulations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IBBI Circular Dated 29\/12\/2025 - Statement of Beneficial Ownership and Affidavit under CIRP Regulations\u00a0 - Bhatia Bhola &amp; Associates LLP\" \/>\n<meta property=\"og:description\" content=\"The circular prescribe mandatory formats for the Statement of Beneficial Ownership and an Affidavit on eligibility under section 32A of [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/01\/05\/ibbi-circular-dated-29-12-2025-statement-of-beneficial-ownership-and-affidavit-under-cirp-regulations\/\" \/>\n<meta property=\"og:site_name\" content=\"Bhatia Bhola &amp; 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