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TMI BlogInsolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2025X X X X Extracts X X X X X X X X Extracts X X X X ..... Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, in Schedule -I, for Form H, the following Form shall be substituted, namely:- "FORM H COMPLIANCE CERTIFICATE (Under Regulation 39(4) of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 I, [Name of the resolution professional], an insolvency professional enrolled with [name of insolvency professional agency] and registered with the Board with registration number [registration number], am the resolution professional for the corporate insolvency resolution process (CIRP) of [name of the corporate debtor (CD)]. 1A. The details of the CIRP are as under: Sl. No. Particulars Description 1 Name of the CD 2 Date of Initiation of CIRP 3 Date of Appointment of IRP 4 Date of Publication of Public Announcement 5 Date of Constitution of CoC 6 Date of First Meeting of CoC 7 Date of Appointment of RP 8 Date of Appointment of Registered Valuers 9 Date of Issue of Invitation for EoI (In case of multiple issuance of EoI, please specify all ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... related to the successful resolution applicant are as under: Sl. No. Particulars Description 1. Name of Successful Resolution Applicant (SRA) 2. Nature of Business of SRA 3. Relationship status of SRA with CD, if any 4. Whether SRA is eligible to submit plan u/s 240A of IBC in case of MSME CD 5. Due Diligence Certificate of the RP u/s 29A of IBC for the SRA (pls attach copy of certificate) 4. The details of CIRP, and resolution plan are as under: Sl. No. Particulars Description 1. Whether Corporate Debtor is an MSME, if so, Date of obtaining MSME registration (pls attach copy of registration certificate) 2. Business of the CD) 3. Total admitted claims (Amount in Rs.) Sl. No. Description Principal Interest and penalty, if any Total 1. Corporate Guarantee claims 2. Other than Corporate Guarantee claims 4. Resolution Plan Value (including insolvency resolution process cost, infusion of funds etc) (In the case of real estate CDs, provide the monetary value of flats etc. given to allottees) (pls att ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ional Creditors (i) Government (ii) Workmen * PF dues * Other dues (iii) Employees * PF dues * Other dues (iv) Other Operational creditors Other Debts and Dues Shareholders Total 8. The time frame proposed for obtaining relevant approvals is as under: Sl. No. Nature of Approval Name of applicable law Name of Authority who will grant Approval When to be obtained 1 2 9. Steps to be taken by the concerned parties post approval of resolution plan by AA: Next Step(s) Name of Party Timeline 10. Details of Income Tax losses carry forward under Section 79(2)(c) of Income Tax Act, 1961, if any. 11. Amount of Regulatory fee payable ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lan is subject to any contingency/condition - Y/N . 17. The Resolution Plan has been filed ______ days after the commencement of CIRP (in terms of Section 12 of the Code). Declaration I (Name of Resolution Professional) hereby certify that that the contents of this certificate are true and correct to the best of my knowledge and belief, and nothing material has been concealed therefrom. (Signature) Name of the Resolution Professional: IP Registration No: Address as registered with the Board: Email id as registered with the Board: Date: Place: Annexure Declarations with respect to compliances of provisions under Code and Regulations I (Name of Resolution Professional) hereby certify that- (i) the said Resolution Plan complies with all the provisions of the Insolvency and Bankruptcy Code 2016 (Code), the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (CIRP Regulations) including the provisions and Regulations as per the table below: Section of the Code/ Regulation No. Requirement with respect to Resolution Plan Compliance (Y/N) Relevant c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... resses the cause of default (b) it is feasible and viable (c) it has provisions for its effective implementation (d) it has provisions for approvals required and the timeline for the same (e) the resolution applicant has the capability to implement the resolution plan Regulation 39(2) Whether the RP has filed applications in respect of transactions observed, found or determined by him? Regulation 39(4) Provide details of performance security received, as referred to in sub-regulation (4A) of regulation 36B) (ii) the resolution plan does not contravene any of the provisions of the law for the time being in force. (iii) that the contents of this certificate are true and correct to the best of my knowledge and belief, and nothing material has been concealed therefrom. (Signature) Name of the Resolution Professional: IP Registration No: Address as registered with the Board: Email id as registered with the Board: Date: Place: " RAVI MITAL, Chairperson [ADVT.-III/4/Exty./10/2025-26] Note: The Insolvency and Bankruptcy Board of India (In ..... X X X X Extracts X X X X X X X X Extracts X X X X
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