On July 14, 2025, the Insolvency and Bankruptcy Board of India (IBBI) issued Circular No. IBBI/CIRP/86/2025, announcing the withdrawal of Form IP-1 for reporting assignments under the Insolvency and Bankruptcy Code (IBC), 2016. Form IP-1 was initially introduced in 2019 to facilitate monitoring of appointments such as Interim Resolution Professional, Resolution Professional, Liquidator, and Bankruptcy Trustee. However, the Board has since transitioned to a more structured and digitized reporting mechanism. In February 2025, the IBBI 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. Further, a revised framework using Forms CP-1 to CP-5 was implemented on June 1, 2025, specifically replacing Form IP-1 and earlier CIRP Forms 1 to 8 for CIRP assignments. In light of these changes, Form IP-1 is no longer required for any process under the Code. This withdrawal is effective immediately as per Section 196 of the IBC, 2016.
Insolvency and Bankruptcy Board of India
7th Floor, Mayur Bhawan, Connaught Place, New Delhi – 110001
Circular No. IBBI/CIRP/86/2025|Dated: 14th July, 2025
To
All Registered Insolvency Professionals
All Recognised Insolvency Professional Entities
All Registered Insolvency Professional Agencies
(By email to registered email addresses and on the website of the IBBI)
Subject: Withdrawal of Form IP-1 for assignments under IBC Processes
The Insolvency and Bankruptcy Board of India (IBBI), vide circular IBBI/CIRP/023/2019 dated 14th August 2019, had introduced Form IP-1 for filing by Insolvency Professionals (IPs) in respect of various assignments under the Insolvency and Bankruptcy Code, 2016, such as Interim Resolution Professional (IRP), Resolution Professional (RP), Liquidator, Bankruptcy Trustee, etc., with the objective of monitoring assignments.
2. Subsequently, the Board, through circular IBBI/LIQ/82/2025 dated 11th February 2025, mandated IPs to report their appointments under various processes—namely, CIRP, Liquidation, Voluntary Liquidation, Insolvency Resolution for Personal Guarantors, Bankruptcy Process for Personal Guarantors, and proceedings for Financial Service Providers—through the Assignment Module on the IBBI electronic portal.
3. Further, vide circular IBBI/CIRP/85/2025 dated 26th May 2025, a revised forms framework (CP-1 to CP-5) was introduced for Corporate Insolvency Resolution Process (CIRP), effectively replacing Form IP-1 and CIRP Forms 1 to 8, with effect from 1st June 2025.
4. In view of the above, the requirement for submission of Form IP-1 in relation to all processes under the Insolvency and Bankruptcy Code, 2016, is hereby withdrawn with effect from the date of issuance of this Circular.
5. This is issued in exercise of powers conferred under section 196 of the Insolvency and Bankruptcy Code, 2016.
Yours faithfully,
Sd/-
(Rajesh Tiwari)
General Manager
