The Insolvency and Bankruptcy Board of India (IBBI), through Circular No. IBBI/LIQ/96/2026 dated 2 June 2026, has specified standardized formats for various forms under the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016, as amended by the Fourth Amendment Regulations, 2026. Exercising its powers under Sections 196 and 240 of the Insolvency and Bankruptcy Code, 2016, the Board notified forms covering critical aspects of the liquidation process, including written consent to act as liquidator, public announcements, progress reports, proof of claims by different classes of stakeholders, intimation regarding security interests, compliance certificates, deposits of unclaimed dividends or undistributed proceeds, and withdrawals from the Corporate Liquidation Account. The circular also clarifies that stakeholders may use the corresponding claim forms prescribed under the CIRP Regulations for filing claims in liquidation proceedings, with references to the IRP/RP being read as references to the liquidator. The prescribed formats seek to ensure uniformity, transparency, efficiency, and regulatory compliance in liquidation proceedings.
INSOLVENCY AND BANKRUPTCY BOARD OF INDIA
7th Floor, Mayur Bhawan, Connaught Place, New Delhi – 110 001
Circular No. IBBI/LIQ/96/2026 | Dated: 2nd June 2026
To
All Registered Insolvency Professionals
All Recognised Insolvency Professional Entities
All Registered Insolvency Professional Agencies
(By mail to registered email addresses and on the website of the IBBI)
Subject: Formats under the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016.
The Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 (Liquidation Regulations), as amended by the Insolvency and Bankruptcy Board of India (Liquidation Process) (Fourth Amendment) Regulations, 2026 specify various forms relating to the process to be notified by Board through circular .
2. Accordingly, in exercise of the powers conferred under section 196 of the Code read with the Liquidation Regulations, the following formats are hereby specified:
| Sl. No. | Regulation | Description | Form |
| 1. | Regulation 8B | Written Consent to Act as Liquidator | Form AA |
| 2. | Regulation 12 | Public Announcement | Form B |
| 3. | Regulation 15 | Progress Report | Form C |
| 4. | Regulation 17 | Proof of Claim by Operational Creditors except Workmen and Employees | Correspondin g claim forms notified under the CIRP Regulations will be applicable* |
| 5. | Regulation 18 | Proof of Claim by Financial Creditors | |
| 6. | Regulation 19 | Proof of Claim by a Workman or Employee | |
| 7. | Regulation 19 | Proof of Claim by Authorised Representative of Workmen or Employees | |
| 8. | Regulation 20 | Proof of Claim by any Other Stakeholder | |
| 9. | Regulation 21A | Intimation of decision on security interest | Form G |
| 10. | Regulation 45 | Compliance Certificate | Form H |
| 11. | Regulation 46(5) | Deposit of unclaimed dividends and / or undistributed proceeds | Form I |
| 12. | Regulation 46(7), (7D) | Withdrawal from Corporate Liquidation Account | Form J |
* Stakeholders may use the corresponding claim forms notified under the CIRP Regulations for filing claims in liquidation. The references in the forms to IRP/RP may be understood as references to the liquidator.
3. The formats of the above Forms are enclosed at the Annexure to this Circular.
4. This Circular is issued in exercise of the powers conferred under section 196 read with section 240 of the Code.
Sd/-
(Jithesh John)
Executive Director
